Birchwood Farms Golf & Country Club, Harbor Springs, MI

BFGCC initially required property purchase for membership. There were varying lots of different sizes, some “buildable” others merely membership lots; prices were set accordingly. The problem was the club had a decade of poor financial decisions by the management and board of directors that resulted in property values plummeting - to the point of being worthless. What the club chose to do to compensate for the downfall was implement bylaws that forced members, at the time they cared to resign their memberships, to pay a $15,000 buyout fee. And, additionally, should the family member who originally joined not buy their way out, upon their death the membership passed on to their family. Unacceptable membership bylaws