Michigan Condominium Act — Meetings

MCL - Section 559.154 - Michigan Legislature Skip to content Michigan Legislature Michigan Compiled Laws Complete Through PA 20 of 2026 MCL Complete Through PA 20 of 2026 Senate adjourned until Wednesday, August 12, 2026 10:00 AM Senate adjourned until 08/12/26 10:00 AM House adjourned until Tuesday, August 11, 2026 1:30 PM House adjourned until 08/11/26 1:30 PM Home Legislature Legislative Document Search Bills Resolutions Joint Resolutions Concurrent Resolutions Calendars Committees Committee Bill Records Committee Meetings Initiatives/Alternative Measures Journals Legislators Public and Local Acts (Signed Bills) Rules and Schedules Laws MCL Search Public Act MCL Search Michigan Constitution MCL Chapter Index Executive Orders Executive Reorganization Orders MCL Tables and Appropriation Acts More Archives Historical Documents Committee Meeting Notifications Legislative Directory Michigan Manuals Publications Related Sites Help Sign Up Log In MCL - Section 559.154 Download Section Chapter 559 Act 59 of 1978 Previous Section Next Section CONDOMINIUM ACT (EXCERPT) Act 59 of 1978 559.154 Bylaws; mandatory provisions; allocation of votes; dispute, claim, or grievance; applicability of subsections (8), (9), and (10). Sec. 54.     (1) The bylaws shall contain provisions for the designation of persons to administer the affairs of the condominium project and shall require that those persons keep books and records with a detailed account of the expenditures and receipts affecting the condominium project and its administration, and which specify the operating expenses of the project.     (2) The bylaws shall provide that the person designated to administer the affairs of the project shall be assessed as the person in possession for any tangible personal property of the project owned or possessed in common by the co-owners. Personal property taxes based on that tangible personal property shall be treated as expenses of administration.     (3) The bylaws shall contain specific provisions directing the courses of action to be taken in the event of partial or complete destruction of the building or buildings in the project.     (4) The bylaws shall provide that expenditures affecting the administration of the project shall include costs incurred in the satisfaction of any liability arising within, caused by, or connected with, the common elements or the administration of the condominium project, and that receipts affecting the administration of the condominium project shall include all sums received as the proceeds of, or pursuant to, a policy of insurance securing the interest of the co-owners against liabilities or losses arising within, caused by, or connected with the common elements or the administration of the condominium project.     (5) The bylaws shall provide that the association of co-owners shall prepare and distribute to each owner at least once each year a financial statement, the contents of which shall be defined by the association of co-owners.     (6) The bylaws shall provide an indemnification clause for the board of directors of the association of co-owners. The indemnification clause shall require that 10 days' notice, before payment under the clause, be given to the co-owners. The indemnification clause shall exclude indemnification for willful and wanton misconduct and for gross negligence.     (7) The bylaws may …

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