Michigan Compiled Laws 346-1966-8 Chapter 8 (125.1497...125.1497f)

• Section 125.1497 Applicability Of Chapter To Mobile Home Park Corporations.
  This chapter shall apply to mobile home park corporations receiving benefits under this act. History: Add. 1982, Act 534, Imd. Eff. Dec. 31, 1982...
• Section 125.1497a Mobile Home Park Corporation; Incorporation And Qualification Requirements.
  A mobile home park corporation shall be incorporated and qualified pursuant to the provisions of the corporation laws of this state and this chapter....
• Section 125.1497b Corporate Name.
  The term “mobile home park corporation” shall be included as part of the corporate name set forth in the certificate of incorporation or certificate...
• Section 125.1497c Mobile Home Park Corporation; Articles Of Incorporation.
  In addition to other requirements of law, the articles of incorporation of any mobile home park corporation shall provide all of the following: (a)...
• Section 125.1497d Articles Of Incorporation; Appointment Of New Directors To Board Of Directors; Majority; Conditions.
  The articles of incorporation shall provide that the authority may appoint to the board of directors of the mobile home park corporation a number...
• Section 125.1497e Articles Of Incorporation; Approval Of Terms.
  Before any mobile home park corporation can receive any benefits under this act, the authority must approve the terms of the articles of incorporation....
• Section 125.1497f “surplus” Construed.
  As used in this chapter, the term “surplus” shall not be deemed to include any increase in assets of any mobile home park corporation...

Last modified: October 10, 2016