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

A Co-owner Filed Bankruptcy, What Now?

There are instances where the Co-owner will not only be responsible for post-petition assessments, but also pre-petition assessments as well.

Differences Between an Additional Assessment and a Special Assessment….. (Michigan)

As many new condominium co-owners are aware, the general operations of a condominium association are funded through annual assessments. MCL

Fighting Fire with Fire: Eliminating Commercial Restrictive Covenants and the Unintended Consequences of “Dark Store” Legislation

he Michigan Zoning Enabling Act allows municipalities to regulate the development and use of land pursuant to a zoning power