On January 31, 2018, Rep. Larry Inman introduced HB 5508, which would permit a Michigan Summer Resort Association that was organized under the Summer Resort and Park Associations Act, 1897 PA 230 to convert to a Michigan Nonprofit Corporation. On May 2, 2018, Kevin Hirzel testified in support of HB 5508 in front of the Michigan Senate Commerce Committee. Kevin Hirzel’s testimony can be heard here. The full text of the amended bill, which will create MCL 455.19, is as follows:
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
SEC. 19. (1) A SUMMER RESORT ASSOCIATION FORMED UNDER THIS ACT MAY CONVERT INTO A DOMESTIC NONPROFIT CORPORATION BY SATISFYING THE REQUIREMENTS APPLICABLE TO THE CONVERSION OF A BUSINESS ORGANIZATION UNDER SECTION 746 OF THE NONPROFIT CORPORATION ACT, 1982 PA 162, MCL 450.2746. A SUMMER RESORT ASSOCIATION SHALL NOT CONVERT INTO A DOMESTIC NONPROFIT CORPORATION UNDER THIS SECTION UNLESS THE CONVERSION IS APPROVED BY A VOTE OF AT LEAST 2/3 OF ALL OF THE SHARES OF THE CAPITAL STOCK OF THE SUMMER RESORT ASSOCIATION.
(2) AS USED IN THIS SECTION, “DOMESTIC NONPROFIT CORPORATION” MEANS A DOMESTIC CORPORATION, AS THAT TERM IS DEFINED IN SECTION 106 OF THE NONPROFIT CORPORATION ACT, 1982 PA 162, MCL 450.2106.
Kevin Hirzel is the Managing Member of Hirzel Law, PLC and concentrates his practice on commercial litigation, community association law, condominium law, Fair Housing Act compliance, homeowners association and real estate law. Mr. Hirzel is a fellow in the College of Community Association Lawyers, a prestigious designation given to less than 175 attorneys in the country. He has been a Michigan Super Lawyer’s Rising Star in Real Estate Law from 2013-2018, an award given to only 2.5% of the attorneys in Michigan each year. Mr. Hirzel was named an Up & Coming Lawyer by Michigan Lawyer’s Weekly in 2015, an award given to only 30 attorneys in Michigan each year. He represents community associations, condominium associations, cooperatives, homeowners associations, property owners and property managers throughout Michigan. He may be reached at (248) 478-1800 or email@example.com.