Mich. Comp. Laws » Michigan Compiled Laws / Chapter 455 / Act 137 of 1929
Michigan Compiled Laws

Mich. Comp. Laws § 455.205 (2026)

Property; sale and disposition, proceedings.

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INCORPORATION OF SUMMER RESORT OWNERS


Act 137 of 1929


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

Notes of Decisions
Cited in 3 cases, 2005–2018 · leading case: Bates v. Colony Park Ass'n, 393 F. Supp. 2d 578 (E.D. Mich. 2005).
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Bates v. Colony Park Ass'n, 393 F. Supp. 2d 578 (E.D. Mich. 2005). · cites it 5× “Mich. Comp. Laws § 455.205 . In Plaintiffs’ view, this statute required the CPA to secure the approval of a majority of its membership before selling the Colony Tower to the Township.”
James McGue v. Glenbrook Beach Ass'n, No. 337785 (Mich. Ct. App. Mar. 6, 2018). “MCL 455.205. In addition, the relevant ordinances called for roads at least 66 feet wide; however, none of the association’s roads are 66 feet wide.”
James McGue v. Glenbrook Beach Ass'n, No. 337785 (Mich. Ct. App. Mar. 6, 2018). “MCL 455.205. In addition, the relevant ordinances called for roads at least 66 feet wide; however, none of the association’s roads are 66 feet wide.”
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