Mich. Comp. Laws § 450.3153
Current through Public Act 149 of the 2024 Legislative Session
A vote of the membership shall be required to affiliate with another organization involving the investment of more than 30% of the assets of the cooperative, if the affiliation is not in the usual and regular course of its business. This section shall not apply to any allocations of net savings to the cooperative by any person.
MCL 450.3153