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MI SB0549
Bill
AI Summary
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Changes bylaw language from "persons" to "a person" to designate a single administrator for condominium project affairs and record-keeping.
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Requires bylaws to provide co-owners the right to attend all board meetings except closed sessions, including the right to speak on designated agenda items.
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Mandates written notice of board meetings be posted at least 14 days in advance in a conspicuous location, with all agenda items included and specific mention if regular assessments will be discussed.
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Allows board closed sessions only for personnel matters, collective bargaining strategy, litigation consultation, or employment applications (with interviews held in open sessions).
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Establishes procedures for first mortgagee voting on condominium document amendments, requiring 90-day ballot return periods and 66-2/3% mortgagee approval, with specific notice and ballot requirements.
Legislative Description
Housing; condominium; bylaws; revise to include rights of co-owners regarding board of directors meeting, and require notice of the meetings. Amends secs. 54 & 90a of 1978 PA 59 (MCL 559.154 & 559.190a).
Housing, condominium
Last Action
Referred To Committee On Economic Development And Regulatory Reform
5/7/2009