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Code · Michigan · Chapter 559 — Condominiums

559.205 Reserve fund.

43 words·~1 min read·/mi/chapter-559/559-205

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559.205 Reserve fund.
Sec. 105.
A reserve fund for major repairs and replacement of common elements shall be maintained by the associations of co-owners. The administrator may by rule establish minimum standards for reserve funds.
History: 1978, Act 59, Eff. July 1, 1978
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