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Michigan Compiled Laws - Summer Resort and Park Associations
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Michigan Laws > Summer Resort And Park Associations > Michigan Compiled Laws - Summer Resort and Park Associations
- Summer Resort and Park Associations; Incorporation, Purpose - Mich. Comp. Laws Section 455.1
That any number of persons, not less than 5, desiring to form a corporation for the purpose of owning, maintaining and improving lands and...
- Articles of Association; Signing, Acknowledgment, Contents - Mich. Comp. Laws Section 455.2
Such articles of association shall be signed by the persons associating in the first instance, and be duly acknowledged before some officer of this...
- Filing Articles With Department of Commerce; Subscribers and Stockholders as Body Politic and Corporate; Powers; Alteration or Amendment of Articles; Certification, Filing, and Recording - Mich. Comp. Laws Section 455.3
The articles of association shall be filed in the corporation and securities bureau of the department of commerce, and thereupon all persons who shall...
- Evidence of Incorporation - Mich. Comp. Laws Section 455.4
A copy of any articles of association filed in the corporation and securities bureau of the department of commerce in pursuance of this act...
- Certificates of Stock; Signing, Sealing, Right to Vote - Mich. Comp. Laws Section 455.5
All certificates for capital stock shall be signed by the president and secretary of the company, and sealed with the corporate seal. Each stockholder...
- Annual Meeting; Notice, Failure to Hold - Mich. Comp. Laws Section 455.6
Every such corporation shall hold its annual meeting of stockholders between the first Monday of February and the last day of August of each...
- Annual Report; Stockholders, Contents; Perjury - Mich. Comp. Laws Section 455.7
At each annual meeting such corporation shall make a report to the stockholders, signed by a majority of the board of directors, verified by...
- First Meeting; Notice - Mich. Comp. Laws Section 455.8
When any corporation shall be formed under the provisions of this act, any 2 of those associated may call the first meeting of such...
- Board of Directors; Qualifications, Election, Terms, Vacancy; Stock, Ceasing Ownership; Quorum - Mich. Comp. Laws Section 455.9
The board of directors shall consist of not less than 3 nor more than 9 members as the articles of association shall determine, who...
- Board of Directors; Powers - Mich. Comp. Laws Section 455.10
The board of directors shall have the management and control of the stock, business, finances, rights and interests, buildings and all property, real and...
- Board of Directors; Officers and Employees, Selection, Removal, Terms - Mich. Comp. Laws Section 455.11
The directors shall choose from their number, by ballot or otherwise, a president, secretary, and treasurer, and the latter 2 offices may be held...
- By - Laws and Rules; Amendment - Mich. Comp. Laws Section 455.12
The stockholders shall have the power to make such reasonable by-laws not inconsistent with the laws of this state, or of the United States,...
- Books; Inspection; Stock, Transfer - Mich. Comp. Laws Section 455.13
It shall be the duty of the directors of any such corporation to cause proper books to be kept by the secretary and treasurer,...
- Capital Stock; Deemed Personal Property, Transfer; Lien on Stock, Enforcement; Subscriptions; Shares, Issuance - Mich. Comp. Laws Section 455.14
The stock of every such corporation shall be deemed personal property, and may be transferred as shall be prescribed by this act and by...
- Capital Stock; Subscriptions, Payment; Suit; Sale, Procedure; Disposition of Proceeds; Purchaser, Rights - Mich. Comp. Laws Section 455.15
The directors may require the subscribers to the capital stock of the corporation to pay the amount by them respectively subscribed, in such manner...
- Annual Dues; Levy, Use, Payment - Mich. Comp. Laws Section 455.16
It shall be lawful for the board of directors to provide for annual dues to be levied upon each share of stock which shall...
- Allocation of Taxable and Assessed Values to Stockholder Lessees; Percentage; Burden of Proof; Property Transfer Affidavit; Assessment Roll Change or Tax Roll Change; "Inflation Rate" Defined - Mich. Comp. Laws Section 455.16a
(1) Beginning January 1, 2012, if a corporation subject to this act has real property that has been platted under section 20 and lots...
- Stockholders' Liability; Subrogation; Contribution - Mich. Comp. Laws Section 455.17
The stockholders of all corporations formed under this act shall be jointly, severally and individually liable for all labor and services performed for such...
- Annual Report - Mich. Comp. Laws Section 455.18
All corporations formed under the provisions of this act shall annually, between the months of March and the end of the succeeding August, make...
- Stockholders; Map or Plat of Land; Record; Use as Evidence; Street, Public Places - Mich. Comp. Laws Section 455.20
If the by-laws of any such corporation shall provide that the stockholders shall be entitled to select a lot on the lands of said...
- Stockholders; Map or Plat of Land; Ownership, Sale; Dissolution, Disposition of Lots; Parks and Walks Dedicated to Public Use - Mich. Comp. Laws Section 455.21
Whenever any such corporation shall cause to be platted any part or portion of its lands in the manner prescribed in the foregoing section...
- Repeal; Saving Clause; Provisions Governing Act - Mich. Comp. Laws Section 455.22
Act No. 151 of the session laws of 1869, entitled "An act to provide for the formation of joint stock companies for the purpose...
- Special Dues; Purpose, Time, Enforcement - Mich. Comp. Laws Section 455.23
It shall be lawful for the stockholders at a special meeting called for that purpose by a vote of a majority of all the...
- Associate Members; Terms; Stock, Disposition - Mich. Comp. Laws Section 455.24
It shall be lawful for the stockholders of any such corporation, either at the time the articles shall be executed, or at any subsequent...
- Summer Resort and Assembly Associations; Incorporation, Purpose - Mich. Comp. Laws Section 455.51
That any number of persons not less than 10, who may desire to form an association for the purchase and improvement of lands to...
- Articles of Association; Capital Stock; Reorganization - Mich. Comp. Laws Section 455.52
The persons so associating shall sign articles of association which shall state: First, The corporate name of the association; Second, The names and residences...
- Execution of Articles of Association; Acknowledgment; Filing Articles With Department of Commerce; Certification - Mich. Comp. Laws Section 455.53
The execution of such articles of association shall be acknowledged by the persons signing the same before some officer authorized to take the acknowledgment...
- Powers, Privileges, and Liabilities of Incorporated Association; Limitation on Land Holdings; Voting - Mich. Comp. Laws Section 455.54
(1) An association incorporated under this act has all the general powers and privileges and is subject to all the liabilities of a corporation....
- Corporation; Powers - Mich. Comp. Laws Section 455.55
Such corporation may improve and ornament its nds, erect and maintain churches, houses of worship, and other buildings thereon for its own use, or...
- Annual Meeting; Place; Board of Trustees, Report, Powers - Mich. Comp. Laws Section 455.56
The annual meeting of such association shall be held at some suitable place on its grounds at such time as shall be fixed by...
- Board of Trustees; Quorum, Vacancy; Election of Officers, Terms - Mich. Comp. Laws Section 455.57
Such trustees shall be known and designated as the board of trustees. They shall elect a president, vice-president, a secretary and a treasurer from...
- Board of Trustees; Powers; Annual Meeting; Streets, Control - Mich. Comp. Laws Section 455.58
The board of trustees shall have the management and control of the business, finances, rights, interests, buildings and all property, real and personal, of...
- Board of Trustees; by - Laws and Orders, Amendment, Rescission - Mich. Comp. Laws Section 455.59
Such board of trustees may from time to time make such orders and by-laws relating to the matters hereinbefore specified and to the business...
- Violation of by - Laws; Penalty - Mich. Comp. Laws Section 455.60
Any person who shall violate any of such by-laws made as in said last section provided, shall be deemed guilty of a misdemeanor, and...
- Marshal; Appointment by Board of Trustees, Compensation, Duties, Removal, Powers, Responsibility - Mich. Comp. Laws Section 455.61
The board of trustees may, for the preservation of peace and good order, appoint a marshal, whose duties and compensation shall be fixed by...
- Marshal; Authority Over Person Arrested - Mich. Comp. Laws Section 455.62
The marshal shall have authority to take any person arrested, before the district or municipal court of the judicial district or municipality in which...
- Property; Injury or Destruction, Penalty - Mich. Comp. Laws Section 455.63
Any person who shall willfully destroy, injure or remove any statuary, fence, fountain, hydrant, building or other structure placed on the grounds of the...
- Property; Taxation, Exemption - Mich. Comp. Laws Section 455.64
The property of such corporation shall be subject to taxation, except all houses of public worship, and also all school buildings used exclusively for...
- Property; Disposition; Conflict of Powers and Duties - Mich. Comp. Laws Section 455.65
Every corporation organized under the provisions of this act may, at any time within 2 years next preceding the time fixed for the termination...
- Assessment of Association - Mich. Comp. Laws Section 455.66
Whenever the board of trustees of any such association shall serve upon the assessing officer of the township, city or village in which its...
- Assessment; Collection From Members - Mich. Comp. Laws Section 455.67
Whenever the real estate of any such association and the cottages and buildings thereon shall be assessed to the association and taxes paid as...
- Board of Assessors; Election, Terms, Vacancy - Mich. Comp. Laws Section 455.68
There shall be elected at each annual meeting of the association, or at some special meeting thereof called for that purpose, 3 assessors, members...
- Board of Assessors; Members, Assessment; Trustees, Report; Interest; Fees - Mich. Comp. Laws Section 455.69
It shall be the duty of such board of assessors and they are hereby authorized and empowered, to ascertain the amount of all taxes...
- Board of Assessors; Report; Board of Trustees, Additions and Corrections - Mich. Comp. Laws Section 455.70
The board of trustees may correct any error or mistake in such report in the name of any owner or lessee of any such...
- Board of Assessors; Report, Majority Rule - Mich. Comp. Laws Section 455.71
The finding and determination and report of a majority of the members of the board of assessors, as set forth in their report, shall...
- Highway Assessments; Expenditure - Mich. Comp. Laws Section 455.72
All moneys assessed, levied and paid upon the property of such association for highway purposes, including labor tax or assessment, shall be expended and...
- Articles of Incorporation; Amendment - Mich. Comp. Laws Section 455.91
That any corporation organized under Act No. 39 of the Public Acts of 1889 of this state, entitled "An act to authorize the formation...
- Suburban Homestead, Villa Park and Summer Resort Associations; Incorporation; Purposes; Corporate Life; Trustees, Number, Election - Mich. Comp. Laws Section 455.101
That any number of persons not less than 5 who shall desire to form an association for the purpose of purchasing, holding, improving and...
- Certificate; Signing and Acknowledgment; Contents; Filing With Department of Commerce - Mich. Comp. Laws Section 455.102
The chairperson and secretary of the meeting shall within 10 days after such meeting make a written certificate and sign their names thereto, and...
- Corporate Powers; Articles, Certified Copy as Evidence; Trustees, Powers - Mich. Comp. Laws Section 455.103
When a [the] certificate shall have been recorded and filed as aforesaid, the association mentioned therein shall be deemed legally incorporated and shall have...
- Taking and Holding of Land by Incorporated Association; Purposes; Sale and Conveyance or Lease; Personal Property - Mich. Comp. Laws Section 455.104
Any association incorporated under this act may take by purchase, devise or gift, and hold within any 1 county, not exceeding 320 acres of...
- Trustees; Election, Vacancy - Mich. Comp. Laws Section 455.105
The annual election of trustees shall be held on the day prescribed in the certificate of incorporation, and at such hour and place as...
- Lots and Plots; Proceeds of Sale, Disposition - Mich. Comp. Laws Section 455.106
At least 60 per cent of the proceeds of all sales of lots and plots shall first be appropriated to the payment of the...
- Lots and Plots; Purchase Agreement - Mich. Comp. Laws Section 455.107
Associations formed under the provisions of this act may agree with the person or persons from whom its lands, or any part thereof may...
- Lots and Plots; Plot Prerequisite to Sale - Mich. Comp. Laws Section 455.108
Before proceeding to sell any lots or plots as hereinbefore provided, the trustees of the association shall cause to be made and filed, as...
- Lots and Plots; Tax Assessment; Sale for Taxes, Association as Purchaser - Mich. Comp. Laws Section 455.109
All lots or plots sold shall be assessed and taxed to the owners and holders thereof, and sold in default of the payment of...
- Annual Report to Lot Owners; Special Election, Trustees, Appointment, Term - Mich. Comp. Laws Section 455.110
The trustees at each annual election shall make a report to the lot owners of their doings and of the management and condition of...
- Property; Injury, Penalty; Trespass Action - Mich. Comp. Laws Section 455.111
Any person who shall willfully destroy, injure or remove any statuary, fence, fountain, building or other structure placed on the grounds, or any dock,...
- Property; Acceptance of Gift, Devise or Bequest; Holding - Mich. Comp. Laws Section 455.112
Any association incorporated under this act may take by gift, devise or bequest, and hold any property real or personal in trust, to apply...
- Repeal or Amendment of Act; Dissolution; Effect - Mich. Comp. Laws Section 455.113
This act may at any time be altered, amended or repealed, but such alteration, amendment or repeal shall not affect the rights of property...
- Summer Resort Owners; Incorporation, Purpose - Mich. Comp. Laws Section 455.201
That any number of freeholders, not less than 10, who may desire to form a summer resort owners corporation for the better welfare of...
- Articles of Association; Contents - Mich. Comp. Laws Section 455.202
The persons so associating shall subscribe and verify articles of association stating: First: The corporate name chosen; Second: The names and residences of the...
- Execution and Acknowledgment of Articles of Association; Filing Articles With Department of Commerce; Classification of Corporation as Nonprofit - Mich. Comp. Laws Section 455.203
The execution of such articles of association shall be acknowledged by the persons signing the same before some officer authorized to take the acknowledgment...
- Corporate Powers and Liabilities; Property Ownership, Limitation - Mich. Comp. Laws Section 455.204
On compliance with the foregoing provisions of this act, the persons so associating, their successors and assigns, shall become and be a body politic...
- Property; Sale and Disposition, Proceedings - Mich. Comp. Laws Section 455.205
The trustees of such corporation, when thereunto authorized, by majority vote of the members of such corporation voting thereon at any annual meeting, or...
- Membership; Eligibility; Corporate Jurisdiction as to Property of Nonmembers; Election - Mich. Comp. Laws Section 455.206
Persons eligible to membership in said corporation, at any and all times, must be freeholders of land in the county of its organization and...
- Election and Registration; Notice - Mich. Comp. Laws Section 455.206a
For the foregoing purpose the said board of trustees or board of directors shall cause a notice of such election and notice of registration...
- Registration Board; Appointment, Duties - Mich. Comp. Laws Section 455.206b
The board of trustees or board of directors shall cause a 3 man board of registration to be appointed who shall establish a set...
- Election; Voters, Eligibility - Mich. Comp. Laws Section 455.206c
For the purpose of such election all freeholders who have resided week-ends in the territory to be affected for a period 1 month prior...
- Election Board; Polls, Hours Open - Mich. Comp. Laws Section 455.206d
The board of trustees or board of directors of such summer resort incorporation shall appoint an election board of 5 members who shall keep...
- Election; Adoption of Resolution, Record - Mich. Comp. Laws Section 455.206e
If a majority of the said qualified voters of the entire territory comprised in the territorial description contained in the notice of election shall...
- Members; Grant of Authority, Procedure - Mich. Comp. Laws Section 455.207
Members admitted to said corporation at its organization and afterwards, shall file with the secretary of said corporation a writing, subscribed, witnessed and acknowledged,...
- Annual Meeting; Trustees, Election, Report - Mich. Comp. Laws Section 455.208
The annual meeting of such association shall be held in its own county between June first and August thirty-first of each year, at such...
- Board of Trustees; Officers, Quorum, Vacancy - Mich. Comp. Laws Section 455.209
Immediately following the election of trustees, the trustees so chosen shall elect a president, vice-president, secretary and treasurer from their members, who shall hold...
- Board of Trustees; Powers - Mich. Comp. Laws Section 455.210
The board of trustees shall have the management and control of all the business and all the property, real and personal, of the corporation...
- Corporate Jurisdiction; Liability for Condition of Streets - Mich. Comp. Laws Section 455.211
Such corporation, through its properly delegated officers, shall have jurisdiction over the lands owned by the corporation and over the lands owned by the...
- By - Laws; Enactment, Authority of Board of Trustees - Mich. Comp. Laws Section 455.212
The board of trustees shall have the authority to enact by-laws, subject to repeal or modification by the members at any regular or special...
- By - Laws; Effective Date, Posting - Mich. Comp. Laws Section 455.213
All by-laws, so established by the corporation, shall take effect 10 days after passage and each of said by-laws shall be posted conspicuously in...
- By - Laws; Violation, Penalty - Mich. Comp. Laws Section 455.214
Any person who shall violate any of such by-laws shall be deemed guilty of a misdemeanor and upon conviction thereof shall be punished by...
- Marshal; Powers, Compensation, Removal - Mich. Comp. Laws Section 455.215
The board of trustees may appoint a marshal, whose duties shall be to enforce the by-laws of said corporation. Said marshal shall have the...
- Marshal; Authority Over Person Arrested - Mich. Comp. Laws Section 455.216
The marshal shall have authority to take any person arrested before the district or municipal court of the judicial district or municipality in which...
- Public Utilities; Corporate Authority - Mich. Comp. Laws Section 455.217
The corporation shall have authority to provide a water system for its members and occupants, a sewage system, fire protection and electric light service....
- Lands Owned by Corporation; Annexation to City - Mich. Comp. Laws Section 455.218
Lands owned by the said corporation and its members may not be annexed to any city or village without the consent of a 2/3...
- Members; Dues and Assessments - Mich. Comp. Laws Section 455.219
(1) The board of trustees may require that the members of a corporation pay annual dues and special assessments for any purpose authorized under...
- Corporate Term of Existence; Expiration; Cessation of Jurisdiction - Mich. Comp. Laws Section 455.220
When a corporation, organized under this act, shall dissolve or its term of existence expires by limitation, all jurisdiction over streets, alleys and highways...
- Continuance of Corporate Existence; Term; Resolution; Filing Copy of Resolution With Department of Commerce; Copy of Resolution or Record as Evidence of Passage and Extension of Corporate Life; Franchise Fee - Mich. Comp. Laws Section 455.251
It shall be lawful for any summer resort association, whose term is about to expire by limitation, at any time within 8 years next...
- Renewed Corporations; Time, Liabilities, Rights - Mich. Comp. Laws Section 455.252
The renewal term of such corporation shall begin from the expiration of the former term, and the corporation whose term has thus been renewed...
- Reorganization of Certain Corporations; Procedure, Evidence, Franchise Fee - Mich. Comp. Laws Section 455.281
It shall be lawful for any corporation heretofore or hereafter organized or existing under the laws of this state for the purpose of owning,...
- Reorganized Corporations; Rights, Obligations - Mich. Comp. Laws Section 455.282
Upon the filing of such duplicate certificates in said public offices, such corporation shall be deemed reorganized and its term renewed, continued and extended...
- Reorganized Corporations; Time Limit - Mich. Comp. Laws Section 455.283
Any such corporation whose term has already expired may take advantage of this act at any time within 5 years of the date of...
- Parks, Playgrounds, Drives and Boulevards; Incorporation, Purpose - Mich. Comp. Laws Section 455.301
Any number of persons, not less than 5, who shall desire to form a corporation for the purpose of acquiring, owning, controlling, maintaining and...
- Articles of Association; Acknowledgment, Contents - Mich. Comp. Laws Section 455.302
Such articles of association shall be signed by the persons associating in the first instance, and be duly acknowledged before some officer authorized by...
- Filing Articles of Association With Department of Commerce - Mich. Comp. Laws Section 455.303
The articles of association shall be filed with the corporation and securities bureau of the department of commerce. History: 1911, Act 161, Eff. Aug....
- Body Corporate; Powers - Mich. Comp. Laws Section 455.304
Upon the recording of such articles of association the persons who have signed and acknowledged the same, their associates and successors, shall thereupon become...
- Corporation; Shares of Stock; Directors, Election, Terms, Powers - Mich. Comp. Laws Section 455.305
The corporation shall not have any shares of stock or be for pecuniary profit. It shall have not less than 5 directors to be...
- Membership - Mich. Comp. Laws Section 455.306
There shall be 2 classes of members, life and annual. Any person may become a life member by paying to the corporation $100.00 or...
- Corporation; Powers; Condemnation - Mich. Comp. Laws Section 455.307
Corporations organized under this act shall have power to govern, manage, control, lay out and improve parks, playgrounds, boulevards and pleasure drives over which...
- Municipal Corporation; Transfer of Realty, Revocation - Mich. Comp. Laws Section 455.308
Any municipal corporation, by vote of its governing body, may transfer to any such corporation in trust as hereinbefore provided, the management and control...
- Municipal Corporation; Aid - Mich. Comp. Laws Section 455.309
It shall be lawful for any such municipal corporation to appropriate, by a vote of its common council, or other governing body, to any...
- Lands Held in Trust; Free Access, Tax Exemption - Mich. Comp. Laws Section 455.310
All lands acquired by any corporation organized under this act or subject to its control and management shall be held in trust as aforesaid...
- Trustees; Court Appointment - Mich. Comp. Laws Section 455.311
If any corporation organized under this act shall at any time fail, from any cause, to perform the duties of trustee as herein provided,...
- Vesting of Property in Municipality - Mich. Comp. Laws Section 455.312
If any such corporation fail at any time to have members and no trustees ad interim shall have been appointed, then until such time...
- Construction of Act - Mich. Comp. Laws Section 455.313
In all proceedings of suits that may arise or be brought in any of the courts of this state touching or concerning corporations under...
Last modified: March 17, 2013
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