Section 559.150 - Termination of condominium project or amendment of master deed by developer. - Michigan Statutes

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Statutes > Michigan > Chapter-559 > Act-59-of-1978 > Section-559-150

CONDOMINIUM ACT (EXCERPT)
Act 59 of 1978

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

State Codes and Statutes

Statutes > Michigan > Chapter-559 > Act-59-of-1978 > Section-559-150

CONDOMINIUM ACT (EXCERPT)
Act 59 of 1978

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

State Codes and Statutes

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State Codes and Statutes

Statutes > Michigan > Chapter-559 > Act-59-of-1978 > Section-559-150

CONDOMINIUM ACT (EXCERPT)
Act 59 of 1978

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