Legal Update: House Bill 4861 (2015): Only Resident Co-owners Would Be Eligible for the Board of Directors
On September 10, 2015, representative Michael McCready introduced House Bill 4861, which would modify the Condominium Act, MCL 559.101, et. seq. Importantly, the major change to the law would be the addition of the following new Section 52(5): (5) An individual is not eligible to be