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Section 559.150

Act 59 of 1978

559.150 Termination of condominium project or amendment of master deed by developer.

Sec. 50.

If there is no co-owner other than the developer, the developer, with the consent of any interested mortgagee, may unilaterally terminate the condominium project or amend the master deed. A termination or amendment under this section shall become effective upon the recordation thereof if executed by the developer.

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

© 2009 Legislative Council, State of Michigan