reglab/housing_qa huggingface dataset:
MI Comp L § 455.10 (2021)
2021 Michigan Compiled Laws|Chapter 455 - Summer Resort and Park Associations|Act 230 of 1897 - Summer Resort and Park Associations (455.1 - 455.24)|Section 455.10 - Board of Directors; Powers.

455.10 Board of directors; powers. Sec. 10.  The board of directors shall have the management and control of the stock, business, finances, rights and interests, buildings and all property, real and personal, of the corporation, and shall have jurisdiction over the lands of the corporation and all streets, alleys, and highways passing through and over the same, or which said corporation may cause to be constructed, laid out or maintained therein, and the water within and in front of said lands and premises. The board of directors shall in no case in any 1 year, authorize any expenditure or incur any liability on behalf of such corporation to exceed 1,000 dollars unless authorized by a majority of all the shares of stock by said corporation in a meeting duly assembled: Provided, That in the county of Emmet the board of directors may authorize any expenditure or incur any liability on behalf of such corporation to an amount not exceeding 5,000 dollars in any 1 year. History: 1897, Act 230, Imd. Eff. June 4, 1897 ;-- CL 1897, 7627 ;-- Am. 1905, Act 83, Imd. Eff. May 3, 1905 ;-- CL 1915, 10043 ;-- CL 1929, 10313 ;-- CL 1948, 455.10
MI Comp L § 455.11 (2021)
2021 Michigan Compiled Laws|Chapter 455 - Summer Resort and Park Associations|Act 230 of 1897 - Summer Resort and Park Associations (455.1 - 455.24)|Section 455.11 - Board of Directors; Officers and Employees, Selection, Removal, Terms.

455.11 Board of directors; officers and employees, selection, removal, terms. Sec. 11.  The directors shall choose from their number, by ballot or otherwise, a president, secretary, and treasurer, and the latter 2 offices may be held by the same person, and shall have power to appoint and employ such other subordinate officers, agents, servants or employes as the by-laws of the corporation shall designate, or such as shall be necessary to the proper accomplishment of the purposes of the corporation, and such board of directors shall have the power to remove such president or other officer of such corporation, or agents, or employes, for cause, and appoint others in their places; such officers shall be elected annually and shall hold their offices for 1 year, and until their successors shall be elected. History: 1897, Act 230, Imd. Eff. June 4, 1897 ;-- CL 1897, 7628 ;-- CL 1915, 10044 ;-- CL 1929, 10314 ;-- CL 1948, 455.11
MI Comp L § 455.12 (2021)
2021 Michigan Compiled Laws|Chapter 455 - Summer Resort and Park Associations|Act 230 of 1897 - Summer Resort and Park Associations (455.1 - 455.24)|Section 455.12 - By-Laws and Rules; Amendment.

455.12 By-laws and rules; amendment. Sec. 12.  The stockholders shall have the power to make such reasonable by-laws not inconsistent with the laws of this state, or of the United States, as they shall deem proper for the management, control and disposition of the property, affairs and concerns of said corporation and may by such by-laws provide that the water within and in front of the lands and premises of such corporation shall be kept in a good sanitary condition, and by such by-laws, empower the board of directors of such corporation to prohibit any persons from carrying on the business of carrying goods, baggage or passengers on the lands of the association or the highways, streets or alleys thereof without a license from said board of directors first being had; to provide for the protection of the property of such corporation and occupants of its lands and premises from loss or damage by fire; to protect the occupants of its grounds from contagious diseases and to remove therefrom any and all persons afflicted with any such disease; to prevent and prohibit on its grounds vice and immorality, and the selling of any spirituous or fermented liquors; to prohibit and abate all nuisances; to compel persons occupying any part of its said lands and premises to keep the same in good sanitary condition and to regulate the erection of buildings on the lots assigned and leased to the stockholders, and may provide that the capital stock of such corporation shall not be transferred without the consent of the board of directors first being had; and may provide rules and regulations for the management, control and maintenance of any hotel, club house or other buildings for entertainment, comfort or convenience of said corporation and its stockholders, and may regulate and determine the persons and number thereof which may be entertained or cared for at such hotel, club house or other building. All such by-laws, rules and regulations may be altered or amended by the stockholders in a meeting assembled at their will and pleasure. History: 1897, Act 230, Imd. Eff. June 4, 1897 ;-- CL 1897, 7629 ;-- CL 1915, 10045 ;-- CL 1929, 10315 ;-- CL 1948, 455.12
MI Comp L § 455.13 (2021)
2021 Michigan Compiled Laws|Chapter 455 - Summer Resort and Park Associations|Act 230 of 1897 - Summer Resort and Park Associations (455.1 - 455.24)|Section 455.13 - Books; Inspection; Stock, Transfer.

455.13 Books; inspection; stock, transfer. Sec. 13.  It shall be the duty of the directors of any such corporation to cause proper books to be kept by the secretary and treasurer, containing the names of all persons who are stockholders, together with their places of residence, and wherein shall be entered all matters and things pertaining to the affairs and business of said corporation, and just and true books of account; and the books of said corporation containing their business accounts shall at all reasonable times be open for the inspection of any of the stockholders: And provided, That no transfer of the certificate of the stock of such corporation shall be valid without the name being duly entered of the person to whom transferred on the books of the corporation, and the rules and by-laws of such corporation relating thereto being complied with. History: 1897, Act 230, Imd. Eff. June 4, 1897 ;-- CL 1897, 7630 ;-- CL 1915, 10046 ;-- CL 1929, 10316 ;-- CL 1948, 455.13
MI Comp L § 455.14 (2021)
2021 Michigan Compiled Laws|Chapter 455 - Summer Resort and Park Associations|Act 230 of 1897 - Summer Resort and Park Associations (455.1 - 455.24)|Section 455.14 - Capital Stock; Deemed Personal Property, Transfer; Lien on Stock, Enforcement; Subscriptions; Shares, Issuance.

455.14 Capital stock; deemed personal property, transfer; lien on stock, enforcement; subscriptions; shares, issuance. Sec. 14.  The stock of every such corporation shall be deemed personal property, and may be transferred as shall be prescribed by this act and by the by-laws of the corporation, and such corporation shall at all times have a lien upon all the stock or property of its members invested therein, for all debts due from them to such corporation, which lien may be enforced by a sale of such stock under the provisions of section 15 of this act. The directors of any such company may from time to time receive subscriptions to stock in said company until the whole amount of the stock of the association shall be subscribed, but no certificate of shares in any such company shall be issued until the whole amount of the shares mentioned in such certificate shall have been paid in full to the company. History: 1897, Act 230, Imd. Eff. June 4, 1897 ;-- CL 1897, 7631 ;-- CL 1915, 10047 ;-- CL 1929, 10317 ;-- CL 1948, 455.14
MI Comp L § 455.15 (2021)
2021 Michigan Compiled Laws|Chapter 455 - Summer Resort and Park Associations|Act 230 of 1897 - Summer Resort and Park Associations (455.1 - 455.24)|Section 455.15 - Capital Stock; Subscriptions, Payment; Suit; Sale, Procedure; Disposition of Proceeds; Purchaser, Rights.

455.15 Capital stock; subscriptions, payment; suit; sale, procedure; disposition of proceeds; purchaser, rights. Sec. 15.  The directors may require the subscribers to the capital stock of the corporation to pay the amount by them respectively subscribed, in such manner and in such installments as they may deem proper. If any stockholder shall neglect or refuse to pay any installment as required by a resolution of the board of directors, the said corporation may sue for the same in any proper action for that purpose, or so much of the stock of such delinquent stockholder as may be necessary to pay such installment so due may be sold by the directors at public auction at the office of the corporation, giving at least 30 days' notice of such sale in some newspaper published in the county where said office is located if there is a newspaper published in such county; if not, then in some newspaper published in some adjoining county; and in case of the sale of said stock, the proceeds thereof shall first be applied in payment of the installment called for and the expenses of the sale and the residue, if any, shall be returned to the delinquent stockholder. Such sale shall entitle the purchaser to all the rights of a stockholder to the extent of the shares so purchased. History: 1897, Act 230, Imd. Eff. June 4, 1897 ;-- CL 1897, 7632 ;-- CL 1915, 10048 ;-- CL 1929, 10318 ;-- CL 1948, 455.15
MI Comp L § 455.16 (2021)
2021 Michigan Compiled Laws|Chapter 455 - Summer Resort and Park Associations|Act 230 of 1897 - Summer Resort and Park Associations (455.1 - 455.24)|Section 455.16 - Annual Dues; Levy, Use, Payment.

455.16 Annual dues; levy, use, payment. Sec. 16.  It shall be lawful for the board of directors to provide for annual dues to be levied upon each share of stock which shall be paid by the holder thereof in such an amount and under such rules and regulations as shall be provided by the by-laws of such corporation, such annual dues and all sums realized thereby to be used for the purpose of paying the expenses attending the care, management and control of the grounds and property kept, occupied or used for the purposes set forth in the articles of association. The payment of such annual dues may be enforced by said corporation by some proper action at law, or by a sale of the shares of stock against which the same is assessed in the manner provided in section 15 of the act for the collection of installments of subscriptions to the capital stock. History: 1897, Act 230, Imd. Eff. June 4, 1897 ;-- CL 1897, 7633 ;-- Am. 1909, Act 296, Eff. Sept. 1, 1909 ;-- CL 1915, 10049 ;-- CL 1929, 10319 ;-- CL 1948, 455.16
MI Comp L § 455.17 (2021)
2021 Michigan Compiled Laws|Chapter 455 - Summer Resort and Park Associations|Act 230 of 1897 - Summer Resort and Park Associations (455.1 - 455.24)|Section 455.17 - Stockholders' Liability; Subrogation; Contribution.

455.17 Stockholders' liability; subrogation; contribution. Sec. 17.  The stockholders of all corporations formed under this act shall be jointly, severally and individually liable for all labor and services performed for such corporation, which said liability, founded on this statue [statute], may be enforced by a suit at law in an action of assumpsit, at any time after an execution in favor of the plaintiff shall be duly returned unsatisfied in whole or in part against said corporation: Provided, always, That if any or several of said stockholders shall, by any such proceedings, be compelled to pay any such sum to creditors, he or they may recover the same in full of the corporation, or may compel the stockholders jointly or severally, or any number of them, to contribute ratably to re-imburse him or them, in any action at law or in chancery. History: 1897, Act 230, Imd. Eff. June 4, 1897 ;-- CL 1897, 7634 ;-- CL 1915, 10050 ;-- CL 1929, 10320 ;-- CL 1948, 455.17
MI Comp L § 455.18 (2021)
2021 Michigan Compiled Laws|Chapter 455 - Summer Resort and Park Associations|Act 230 of 1897 - Summer Resort and Park Associations (455.1 - 455.24)|Section 455.18 - Annual Report.

455.18 Annual report. Sec. 18.  All corporations formed under the provisions of this act shall annually, between the months of March and the end of the succeeding August, make a report which shall state the amount of the capital stock actually paid in and the amount of money borrowed if any, which report shall be signed by a majority of the directors and verified by the oath of the president or secretary and be filed in the corporation and securities bureau of the department of commerce. History: 1897, Act 230, Imd. Eff. June 4, 1897 ;-- CL 1897, 7635 ;-- CL 1915, 10051 ;-- CL 1929, 10321 ;-- CL 1948, 455.18 ;-- Am. 1982, Act 117, Imd. Eff. Apr. 19, 1982
MI Comp L § 455.21 (2021)
2021 Michigan Compiled Laws|Chapter 455 - Summer Resort and Park Associations|Act 230 of 1897 - Summer Resort and Park Associations (455.1 - 455.24)|Section 455.21 - Stockholders; Map or Plat of Land; Ownership, Sale; Dissolution, Disposition of Lots; Parks and Walks Dedicated to Public Use.

455.21 Stockholders; map or plat of land; ownership, sale; dissolution, disposition of lots; parks and walks dedicated to public use. Sec. 21.  Whenever any such corporation shall cause to be platted any part or portion of its lands in the manner prescribed in the foregoing section of this act, it may by its by-laws, provide the manner in which the lot or lots may be assigned, allotted or confirmed to its several stockholders, and the terms and conditions upon which the same shall be held by them: Provided, That any such lot or lots so assigned allotted or confirmed to such stockholders shall be deemed and considered as appurtenant and attached to a certain share or shares of capital stock in such corporation, which shall be designated at the time of such assignment, allotment or confirmation, and any assignment, transfer or other disposition of such capital stock shall be held to carry with it, the right to such lot or lots so appurtenant or attached to the same; and it shall not be lawful for such stockholder to in any manner whatsoever, sell, assign, transfer or dispose of any right, title, claim or interest he may have or acquire in any lot or lots assigned, allotted or confirmed under such by-laws and regulations, separated or detached from the share or shares of capital stock to which it shall be appurtenant or attached. In case such corporation should for any reason be disolved [dissolved] or wound up by any court of competent jurisdiction, by reason of the termination of its charter or otherwise, each stockholder to whom a lot or lots have been assigned, allotted or confirmed, shall be entitled to receive the same in fee upon complying with such terms and conditions as may be imposed by the court having jurisdiction of the winding up of such corporation and all parks, roads or walks shown upon the plat of the property of such corporation recorded as aforesaid, shall be and become dedicated to the public use as parks, roads and walks in the same manner and to the same extent as parks, roads and drives are or may be so dedicated within the limits of cities, towns or villages in this state. History: 1897, Act 230, Imd. Eff. June 4, 1897 ;-- CL 1897, 7638 ;-- CL 1915, 10053 ;-- CL 1929, 10323 ;-- CL 1948, 455.21
MI Comp L § 455.22 (2021)
2021 Michigan Compiled Laws|Chapter 455 - Summer Resort and Park Associations|Act 230 of 1897 - Summer Resort and Park Associations (455.1 - 455.24)|Section 455.22 - Repeal; Saving Clause; Provisions Governing Act.

455.22 Repeal; saving clause; provisions governing act. Sec. 22.  Act No. 151 of the session laws of 1869, entitled “An act to provide for the formation of joint stock companies for the purpose of owning and maintaining skating parks or rinks and parks kept for ornament, recreation and amusement,” approved April fifth, 1869, and Act No. 164 of the session laws of 1889, entitled “An act to authorize the formation of corporations for the purpose of owning and improving summer resorts,” approved June 19, 1889, and all acts amendatory and supplemental to said acts or either of them are hereby repealed. But the repeal of the foregoing acts shall not dissolve any corporation formed or existing under them and all corporations of the nature of corporations authorized to be organized under this act now organized and existing under said several acts in this section mentioned, or either of them, and all corporations which have attempted to organize and are now doing business under said acts or either of them, shall be deemed and taken to be organizations under this act and all rights, obligations and liabilities contracted, acquired or incurred by any such corporations thereunder, shall continue of the same force and effect as though such acts or laws had not been repealed, and all such corporations from and after taking effect of this act, shall be subject to all the provisions hereof as fully as though such corporation had been organized hereunder, and such corporations may continue to carry on the business specified in the articles of association under the provisions of this act as lawfully as if said acts mentioned in this section were not repealed. History: 1897, Act 230, Imd. Eff. June 4, 1897 ;-- CL 1897, 7638n ;-- CL 1915, 10054 ;-- CL 1929, 10324 ;-- CL 1948, 455.22 Compiler's Notes: Act 151 of 1869 and Act 164 of 1889, referred to in this section, do not appear in the Michigan Compiled Laws. See Howells' Annotated Statutes, 4824 to 4842 and 3983g4 to 3983h5, respectively.
MI Comp L § 455.23 (2021)
2021 Michigan Compiled Laws|Chapter 455 - Summer Resort and Park Associations|Act 230 of 1897 - Summer Resort and Park Associations (455.1 - 455.24)|Section 455.23 - Special Dues; Purpose, Time, Enforcement.

455.23 Special dues; purpose, time, enforcement. Sec. 23.  It shall be lawful for the stockholders at a special meeting called for that purpose by a vote of a majority of all the capital stock, to authorize the board of directors to provide for special dues additional to those provided for in section 16, not exceeding 25 dollars per share in any 1 year, and such special dues shall be used only for the purpose of paying any existing indebtedness of said corporation or for improving and bettering the lands and property of said corporation or for improving the sanitary condition thereof, providing protection from loss or damage by fire or water, or erecting, purchasing or maintaining any hotel, club house or other building for the entertainment, comfort or convenience of said corporation and its stockholders, and any resolution adopted by said stockholders' meeting for such purpose shall determine the purpose for which such special dues shall be expended and the period of time during which they may be levied. The payment of dues authorized under the provisions of this section may be enforced by said corporation in the same manner as is provided in section 16 for the enforcement of the annual dues. History: Add. 1903, Act 127, Imd. Eff. May 20, 1903 ;-- Am. 1909, Act 296, Eff. Sept. 1, 1909 ;-- CL 1915, 10055 ;-- CL 1929, 10325 ;-- CL 1948, 455.23
MI Comp L § 455.24 (2021)
2021 Michigan Compiled Laws|Chapter 455 - Summer Resort and Park Associations|Act 230 of 1897 - Summer Resort and Park Associations (455.1 - 455.24)|Section 455.24 - Associate Members; Terms; Stock, Disposition.

455.24 Associate members; terms; stock, disposition. Sec. 24.  It shall be lawful for the stockholders of any such corporation, either at the time the articles shall be executed, or at any subsequent period, by a vote of 2/3 of the capital stock, to provide the terms upon which persons may become associate members of the organization, with or without being stockholders therein, and also to provide for the limitation upon sale or other disposition of such stock and for the custody of the certificates thereof. History: Add. 1903, Act 127, Imd. Eff. May 20, 1903 ;-- CL 1915, 10056 ;-- CL 1929, 10326 ;-- CL 1948, 455.24
MI Comp L § 455.51 (2021)
2021 Michigan Compiled Laws|Chapter 455 - Summer Resort and Park Associations|Act 39 of 1889 - Summer Resort and Assembly Associations (455.51 - 455.72)|Section 455.51 - Summer Resort and Assembly Associations; Incorporation, Purpose.

455.51 Summer resort and assembly associations; incorporation, purpose. Sec. 1.  That any number of persons not less than 10, who may desire to form an association for the purchase and improvement of lands to be occupied for summer homes, for camp-meetings, for meetings and assemblies of associations and societies organized for scientific or intellectual culture and for the promotion of religion and morality, or any or all such purposes, may, with their associates, successors and assigns, become a body politic and corporate under any name by them assumed in their articles of incorporation, in the manner herein provided. History: 1889, Act 39, Imd. Eff. Mar. 29, 1889 ;-- How. 3983d-6 ;-- CL 1897, 7639 ;-- CL 1915, 10062 ;-- CL 1929, 10327 ;-- CL 1948, 455.51
MI Comp L § 455.52 (2021)
2021 Michigan Compiled Laws|Chapter 455 - Summer Resort and Park Associations|Act 39 of 1889 - Summer Resort and Assembly Associations (455.51 - 455.72)|Section 455.52 - Articles of Association; Capital Stock; Reorganization.

455.52 Articles of association; capital stock; reorganization. Sec. 2.  The persons so associating shall sign articles of association which shall state:  First, The corporate name of the association;  Second, The names and residences of the persons thus associating;  Third, The purpose or purposes of such association;  Fourth, The number of trustees to manage the business of the association and their terms of office, also the names of trustees for the first year or until the annual meeting of the association;  Fifth, The county in which its real estate shall be situate and its meetings held;  Sixth, The term of its existence, which shall not exceed 30 years;  Seventh, They may also state therein the qualifications of persons eligible to the office of trustee and the terms and conditions of membership, and such other provisions for the management of the business, and the disposition of the real and personal property of the association, as they may desire, not inconsistent with the provisions of this act and the laws of this state. The persons so associating may, by a majority vote, provide for capital stock, in which case the articles of association shall state the amount thereof, which shall not exceed 50,000 dollars, in shares of 25 dollars each. Any corporation or association heretofore organized under any other law of this state, for the purposes named in this act, may, by a majority vote of the stock represented at any annual meeting thereof, reorganize under the provisions of this act. History: 1889, Act 39, Imd. Eff. Mar. 29, 1889 ;-- How. 3983d-7 ;-- Am. 1897, Act 39, Imd. Eff. Mar. 26, 1897 ;-- CL 1897, 7640 ;-- CL 1915, 10063 ;-- CL 1929, 10328 ;-- CL 1948, 455.52
MI Comp L § 455.53 (2021)
2021 Michigan Compiled Laws|Chapter 455 - Summer Resort and Park Associations|Act 39 of 1889 - Summer Resort and Assembly Associations (455.51 - 455.72)|Section 455.53 - Execution of Articles of Association; Acknowledgment; Filing Articles With Department of Commerce; Certification.

455.53 Execution of articles of association; acknowledgment; filing articles with department of commerce; certification. Sec. 3.  The execution of such articles of association shall be acknowledged by the persons signing the same before some officer authorized to take the acknowledgment of deeds. Such articles shall thereupon be filed with the corporation and securities bureau of the department of commerce, which, after making such record, shall certify upon such articles the date and place of record thereof and return the same to the association. History: 1889, Act 39, Imd. Eff. Mar. 29, 1889 ;-- How. 3983d-8 ;-- CL 1897, 7641 ;-- CL 1915, 10064 ;-- CL 1929, 10329 ;-- CL 1948, 455.53 ;-- Am. 1982, Act 85, Imd. Eff. Apr. 19, 1982