Michigan Condo & HOA Board Governance and Records

For condominiums, MCL 559.157 requires that "[t]he books, records, contracts, and financial statements concerning the administration and operation of the condominium project shall be available for examination by any of the co-owners and their mortgagees at convenient times." An association with annual revenues over $20,000 must have its books independently audited or reviewed by a CPA each year, unless a majority of members vote to opt out. Day-to-day governance — board elections, meetings, and voting — is set by the recorded bylaws under the Condominium Act. Most Michigan condo and non-condo associations are also incorporated as nonprofit corporations, so the Nonprofit Corporation Act (MCL 450.2101 et seq.) supplies default rules on directors, member meetings, and voting where the documents are silent.

Refusing a co-owner reasonable access to books and records can violate MCL 559.157; skipping the required annual CPA audit/review (without a valid majority opt-out) is non-compliance. Nonprofit-corporation governance failures are addressed under MCL 450.2101 et seq. There is no fixed statutory penalty for a single records denial.