State Codes and Statutes

Statutes > Michigan > Chapter-559 > Act-59-of-1978 > Section-559-205

CONDOMINIUM ACT (EXCERPT)
Act 59 of 1978

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

State Codes and Statutes

Statutes > Michigan > Chapter-559 > Act-59-of-1978 > Section-559-205

CONDOMINIUM ACT (EXCERPT)
Act 59 of 1978

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


State Codes and Statutes


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State Codes and Statutes

Statutes > Michigan > Chapter-559 > Act-59-of-1978 > Section-559-205

CONDOMINIUM ACT (EXCERPT)
Act 59 of 1978

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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