Mich. Comp. Laws § 450.3131

Current through Public Act 171 of the 2024 Legislative Session
Section 450.3131 - Organization on nonstock membership basis

Notwithstanding section 302, a cooperative organized under this act shall be organized on a nonstock membership basis and shall not be organized on a stock or directorship basis.

MCL 450.3131

Add. 1984, Act 209, eff. 11/1/1985 .