2017 Michigan Compiled Laws
Chapter 455 - Summer Resort and Park Associations
Act 137 of 1929 INCORPORATION OF SUMMER RESORT OWNERS (455.201 - 455.220)
Section 455.205 Property; sale and disposition, proceedings.

Universal Citation: MI Comp L § 455.205 (2017)
455.205 Property; sale and disposition, proceedings.

Sec. 5.

The trustees of such corporation, when thereunto authorized, by majority vote of the members of such corporation voting thereon at any annual meeting, or any special meeting called expressly for that purpose, by a general by-law, adopted and recorded, may sell, mortgage, give, grant, convey and lease said lands or any part or portion thereof, upon such terms and subject to such reservations and restrictions as may be deemed advisable.

History: 1929, Act 137, Eff. Aug. 28, 1929 ;-- CL 1929, 10367 ;-- CL 1948, 455.205

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