2021 Senate Bill 407

Revise a law on summer resort community ownership

Introduced in the Senate

May 4, 2021

Introduced by Sen. Lana Theis (R-22)

To revise and update details of an 1897 law that authorizes and specifies details on corporations created for the purpose of owning summer resort communities. The bill creates an exception for board members of one of these located in Emmet County, permitting them to authorize higher spending without a vote of share owners.

Referred to the Committee on Economic and Small Business Development