Section R. 559.502 - Administration and membership provisionsRule 502.
(1) The bylaws shall designate the association of co-owners as responsible for the management and administration of the common elements, property, easements, and the affairs of the condominium project. The association of co-owners may form or organize an entity for managing the property or otherwise provide for independent management of the project. The bylaws shall indicate the form of the association of co-owners; that is, whether it was created and will operate as a profit or nonprofit corporation, a partnership, or an unincorporated association.(2) The bylaws may provide reasonable provisions to facilitate the development and sale of the project by the developer until completion of the project.(3) The bylaws shall comply with section 52 of the act.(4) The bylaws shall provide that membership in the association of co-owners shall be limited to persons who own 1 or more units in the condominium project and each co-owner shall be a member of the association of co-owners.Mich. Admin. Code R. 559.502