Michigan Administrative Code (Last Updated: November 16, 2016) |
Department LR. Licensing and Regulatory Affairs |
Office of Policy and Legislative Affairs |
Chapter Condominiums |
Part 5. BYLAWS IN A MASTER DEED |
Section 559.504. Books; inspection; cost of annual audit.
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The bylaws shall provide that the books shall be maintained in accordance with section 57 of the act. The cost of the annual audit shall be an expense of administration. The right of inspection of the books by co-owners may be limited to a reasonable time and place specified in the bylaws.
History: 1979 AC.