The Difference Between an Officer and a Director: Selection, Removal and Eligibility Restrictions

In most Michigan condominium associations, the same individuals serve as both directors and officers of the nonprofit corporation in charge of the condominium. Often times, there is confusion or misunderstanding about the difference between a “director” and an “officer.” Thus, co-owners routinely ask our office to explain the difference and why the Condominium Bylaws[1] differentiate between directors and officers. The answer to this question resides in the Michigan Nonprofit Corporation Act, MCL 450.2101, et seq. (the “Act”). Directors and officers are distinct roles and serve different legal purposes. Importantly, directors and officers are not synonymous terms.   Read the article…………..


Tags assigned to this article:
condodirectorsMichiganofficer

Related Articles

No Looming Oroville But Michigan’s Aging Dams Pose Real Flood Risks

More than half of the state’s dams are privately owned, often mom-and-pop-type organizations — maybe a condominium association that had

Stripping Community Association Liens in Bankruptcy: Is Your Community at Risk?

As the housing market continues to slowly recover from the foreclosure crisis in Michigan, and other areas of the country,