PocketLaw | Michigan Compiled Laws | 230 of 1897 - Summer Resort and

230 of 1897 - Summer Resort and Park Associations (455.1 - 455.24)

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Summer Resort and Park Associations; Incorporation, Purpose.

Articles of Association; Signing, Acknowledgment, Contents.

Filing Articles With Department of Commerce; Subscribers and Stockholders as Body Politic and Corporate; Powers; Alteration or Amendment of Articles; Certification, Filing, and Recording.

Evidence of Incorporation.

Certificates of Stock; Signing, Sealing, Right to Vote.

Annual Meeting; Notice, Failure to Hold.

Annual Report; Stockholders, Contents; Perjury.

First Meeting; Notice.

Board of Directors; Qualifications, Election, Terms, Vacancy; Stock, Ceasing Ownership; Quorum.

Board of Directors; Powers.

Board of Directors; Officers and Employees, Selection, Removal, Terms.

By-Laws and Rules; Amendment.

Books; Inspection; Stock, Transfer.

Capital Stock; Deemed Personal Property, Transfer; Lien on Stock, Enforcement; Subscriptions; Shares, Issuance.

Capital Stock; Subscriptions, Payment; Suit; Sale, Procedure; Disposition of Proceeds; Purchaser, Rights.

Annual Dues; Levy, Use, Payment.

Section
455.16a

Allocation of Taxable and Assessed Values to Stockholder Lessees; Percentage; Burden of Proof; Property Transfer Affidavit; Assessment Roll Change or Tax Roll Change; "Inflation Rate" Defined.

Stockholders' Liability; Subrogation; Contribution.

Annual Report.

Stockholders; Map or Plat of Land; Record; Use as Evidence; Street, Public Places.

Stockholders; Map or Plat of Land; Ownership, Sale; Dissolution, Disposition of Lots; Parks and Walks Dedicated to Public Use.

Repeal; Saving Clause; Provisions Governing Act.

Special Dues; Purpose, Time, Enforcement.

Associate Members; Terms; Stock, Disposition.