Michigan Compiled Laws Act 69 Of 1887 Suburban Homestead, Villa Park, And Summer Resort Associations (455.101 - 455.113)

• Section 455.101 Suburban Homestead, Villa Park And Summer Resort Associations; Incorporation; Purposes; Corporate Life; Trustees, Number, Election.
  That any number of persons not less than 5 who shall desire to form an association for the purpose of purchasing, holding, improving and...
• Section 455.102 Certificate; Signing And Acknowledgment; Contents; Filing With Department Of Commerce.
  The chairperson and secretary of the meeting shall within 10 days after such meeting make a written certificate and sign their names thereto, and...
• Section 455.103 Corporate Powers; Articles, Certified Copy As Evidence; Trustees, Powers.
  When a [the] certificate shall have been recorded and filed as aforesaid, the association mentioned therein shall be deemed legally incorporated and shall have...
• Section 455.104 Taking And Holding Of Land By Incorporated Association; Purposes; Sale And Conveyance Or Lease; Personal Property.
  Any association incorporated under this act may take by purchase, devise or gift, and hold within any 1 county, not exceeding 320 acres of...
• Section 455.105 Trustees; Election, Vacancy.
  The annual election of trustees shall be held on the day prescribed in the certificate of incorporation, and at such hour and place as...
• Section 455.106 Lots And Plots; Proceeds Of Sale, Disposition.
  At least 60 per cent of the proceeds of all sales of lots and plots shall first be appropriated to the payment of the...
• Section 455.107 Lots And Plots; Purchase Agreement.
  Associations formed under the provisions of this act may agree with the person or persons from whom its lands, or any part thereof may...
• Section 455.108 Lots And Plots; Plot Prerequisite To Sale.
  Before proceeding to sell any lots or plots as hereinbefore provided, the trustees of the association shall cause to be made and filed, as...
• Section 455.109 Lots And Plots; Tax Assessment; Sale For Taxes, Association As Purchaser.
  All lots or plots sold shall be assessed and taxed to the owners and holders thereof, and sold in default of the payment of...
• Section 455.110 Annual Report To Lot Owners; Special Election, Trustees, Appointment, Term.
  The trustees at each annual election shall make a report to the lot owners of their doings and of the management and condition of...
• Section 455.111 Property; Injury, Penalty; Trespass Action.
  Any person who shall willfully destroy, injure or remove any statuary, fence, fountain, building or other structure placed on the grounds, or any dock,...
• Section 455.112 Property; Acceptance Of Gift, Devise Or Bequest; Holding.
  Any association incorporated under this act may take by gift, devise or bequest, and hold any property real or personal in trust, to apply...
• Section 455.113 Repeal Or Amendment Of Act; Dissolution; Effect.
  This act may at any time be altered, amended or repealed, but such alteration, amendment or repeal shall not affect the rights of property...

Last modified: October 10, 2016