Categories: Michigan Articles

MCL 559.152: WHEN DO THE CO-OWNERS ELECT DIRECTORS AFTER DEVELOPER CONTROL?

Every Michigan condominium association goes through a transition in which control of the board of directors is transferred from developer control to co-owner control. In many condominium associations, it is not uncommon for a developer to attempt to retain control of all positions on the board of directors until the developer is ready to completely exit the condominium. However, the Michigan Condominium Act, MCL 559.101 et seq., requires a gradual transfer of control from the developer to the co-owners.     Read the article…………………………….

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