Michigan Laws 554.911 – Definitions; S
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Terms Used In Michigan Laws 554.911
- Continuing care: means some or all of the following services:
(i) A living unit. See Michigan Laws 554.903Continuing care agreement: means a written agreement, including a long-term lease or an agreement conferring a life interest, between a member and a continuing care community for continuing care upon payment of an entrance fee. See Michigan Laws 554.903 Sale of a continuing care agreement: means the execution of a continuing care agreement. See Michigan Laws 554.911
As used in this act:
(a) “Sale of a continuing care agreement” means the execution of a continuing care agreement.
(b) “Sell a continuing care agreement” means to secure the sale of a continuing care agreement.