(1) If a person acts honestly on a matter stated in a unit title certificate, then, in an action by or against the owners corporation, the corporation is estopped, as against that person, from denying the truth of that or any other matter stated in the certificate.
(2) In this section:
"unit title certificate" means any of the following:
(a) a unit title sale certificate;
(b) a unit title sale update certificate;
(c) a unit title rental certificate.