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 559.513. Assessments.
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The bylaws shall set forth detailed information concerning assessments. The method by which assessments are to be made shall be included and shall provide that the board of directors of the association shall establish an annual budget.
History: 1979 AC.