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Code · Michigan · Chapter 559 — Condominiums

559.150 Termination of condominium project or amendment of master deed by developer.

70 words·~1 min read·/mi/chapter-559/559-150

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559.150 Termination of condominium project or amendment of master deed by developer.
Sec. 50.
If there is no co-owner other than the developer, the developer, with the consent of any interested mortgagee, may unilaterally terminate the condominium project or amend the master deed. A termination or amendment under this section shall become effective upon the recordation thereof if executed by the developer.
History: 1978, Act 59, Eff. July 1, 1978
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