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Michigan Legislature
Michigan Compiled Laws Complete Through PA 117 of 2017

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Section 559.205

CONDOMINIUM ACT (EXCERPT)
Act 59 of 1978


559.205 Reserve fund.

Sec. 105.

A reserve fund for major repairs and replacement of common elements shall be maintained by the associations of co-owners. The administrator may by rule establish minimum standards for reserve funds.


History: 1978, Act 59, Eff. July 1, 1978


© 2015 Legislative Council, State of Michigan

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