{"data":{"id":"us-mi/mich.-comp.-laws-125.1498d","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 125.1498d","heading":"Document of basic organization; managing agent; appointment; powers; conditions.","body":"Sec. 98d.\n\nThe partnership agreement, joint venture agreement, trust agreement, or other document of basic organization shall provide that the authority may appoint a managing agent of the mobile home park association and its members, who may be an officer, employee, or agent of the authority. The managing agent appointed shall have complete power to act as agent and attorney-in-fact for the mobile home park association and its members, in connection with any assets or liability of the mobile home park association, to fulfill any obligations the mobile home park association may have to the authority, if any 1 of the following occurs:\n\nThe mobile home park association has received a loan or advance as provided for in this act and the authority determines that the loan or advance is in jeopardy of not being repaid.\n\nThe mobile home park association has received a loan or advance as provided for in this act and the authority determines that the proposed housing project for which the loan or advance was made is in jeopardy of not being constructed.\n\nThe authority determines that a portion of the net income or net earnings of the mobile home park association, in excess of that permitted by other provisions of this act, shall inure to the benefit of any private individual, firm, corporation, partnership, trust, or association.\n\nThe authority determines that the mobile home park association is in violation of the rules promulgated under section 22.\n\nThe authority determines that the mobile home park association is in violation of any agreements entered into with the authority providing for regulation by the authority of the planning, development, and management of any housing project undertaken by the mobile home park association or the disposition of the property and franchises of the mobile home park association.","path":["MI Code","Chapter 125","Act Act-346-of-1966"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-125-1498d","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"b4afbf364a235a06894b60b75dafabc7fc4668c35a608c15265203177be31d6c","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-125.1498c","next":"us-mi/mich.-comp.-laws-125.1498e"},"notice":"GroundRules: Original legal text. Not legal advice."}