2006 Michigan Compiled Laws - Act 69 of 1887


SUBURBAN HOMESTEAD, VILLA PARK, AND SUMMER RESORT ASSOCIATIONS

Act 69 of 1887

AN ACT to authorize the incorporation of suburban homestead, villa park and summer resort associations; and to impose certain duties on the department of commerce.


History: 1887, Act 69, Imd. Eff. Apr. 15, 1887 ;--Am. 1982, Act 86, Imd. Eff. Apr. 19, 1982




The People of the State of Michigan enact:

DocumentDescription
Section 455.101Suburban homestead, villa park and summer resort associations; incorporation; purposes; corporate life; trustees, number, election.
Section 455.102Certificate; signing and acknowledgment; contents; filing with department of commerce.
Section 455.103Corporate powers; articles, certified copy as evidence; trustees, powers.
Section 455.104Taking and holding of land by incorporated association; purposes; sale and conveyance or lease; personal property.
Section 455.105Trustees; election, vacancy.
Section 455.106Lots and plots; proceeds of sale, disposition.
Section 455.107Lots and plots; purchase agreement.
Section 455.108Lots and plots; plot prerequisite to sale.
Section 455.109Lots and plots; tax assessment; sale for taxes, association as purchaser.
Section 455.110Annual report to lot owners; special election, trustees, appointment, term.
Section 455.111Property; injury, penalty; trespass action.
Section 455.112Property; acceptance of gift, devise or bequest; holding.
Section 455.113Repeal or amendment of act; dissolution; effect.

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