Michigan § 455.54 Powers, privileges, and liabilities of incorporated association; limitation on land holdings; voting.

Michigan Statutes

§ 455.54 — Powers, privileges, and liabilities of incorporated association; limitation on land holdings; voting.

Michigan § 455.54

Ch. 455SUMMER RESORT AND PARK ASSOCIATIONS

Act 39 of 1889SUMMER RESORT AND ASSEMBLY ASSOCIATIONS (455.51-455.72)

This text of Michigan § 455.54 (Powers, privileges, and liabilities of incorporated association; limitation on land holdings; voting.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 455.54 (2026).

Text

SUMMER RESORT AND ASSEMBLY ASSOCIATIONS (EXCERPT) Act 39 of 1889 455.54 Powers, privileges, and liabilities of incorporated association; limitation on land holdings; voting. Sec. 4.

(1)An association incorporated under this act has all the general powers and privileges and is subject to all the liabilities of a corporation. The association may have a common seal; may sue and be sued in all the courts of this state; and, subject to subsection (2), may acquire, hold, and possess within any 1 county any real and personal property for the purposes described in its articles of association.

(2)An association incorporated under this act shall not at any time own or hold more than 1,000 acres of land.

(3)If authorized by a majority vote of the members of an association incorporated under this a

Free access — add to your briefcase to read the full text and ask questions with AI

SUMMER RESORT AND ASSEMBLY ASSOCIATIONS (EXCERPT) Act 39 of 1889 455.54 Powers, privileges, and liabilities of incorporated association; limitation on land holdings; voting. Sec. 4. (1) An association incorporated under this act has all the general powers and privileges and is subject to all the liabilities of a corporation. The association may have a common seal; may sue and be sued in all the courts of this state; and, subject to subsection (2), may acquire, hold, and possess within any 1 county any real and personal property for the purposes described in its articles of association. (2) An association incorporated under this act shall not at any time own or hold more than 1,000 acres of land. (3) If authorized by a majority vote of the members of an association incorporated under this act voting at any annual meeting or any special meeting called expressly for that purpose or pursuant to a general bylaw adopted and recorded, the trustees of the association may sell, give, grant, and convey or lease all or part of the association's real property to any party and on the terms and subject to the provisions, reservations, and restrictions that the trustees deem advisable.

Legislative History

1889, Act 39, Imd. Eff. Mar. 29, 1889 ;-- How. 3983d-9 ;-- CL 1897, 7642 ;-- CL 1915, 10065 ;-- CL 1929, 10330 ;-- CL 1948, 455.54 ;-- Am. 1982, Act 85, Imd. Eff. Apr. 19, 1982 ;-- Am. 2006, Act 45 , Imd. Eff. Mar. 2, 2006