Is your Michigan Condominium Association prepared to handle a co-owner’s request to inspect its books and records?

In Michigan, MCL 559.157 requires that the “…books, records, contracts, and financial statements concerning the administration and operation of the condominium” be available for examination by the co-owners at convenient times.  Most condominium documents also contain provisions that require the books and records of a condominium association be made available for inspection by a co-owner.  However, most condominium documents do […]

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Six Major Revisions to the Michigan Nonprofit Corporation Act: Should your Condominium Association Revise its Articles of Incorporation and Bylaws?

In Michigan, two primary statutes govern the affairs of a condominium association: the Condominium Act and the Nonprofit Corporation Act.  The last major revisions to the Nonprofit Corporation Act took place in 2008 through Public Act 9 of 2008, which permitted voting by electronic means, amongst other things.  Effective January 15, 2015, Governor Rick Snyder signed into law Michigan Senate […]

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