2006 Michigan Compiled Laws - Mich. Comp. Laws § 450.3109 Requirements of § 460.1 et seq. not modified; effect of economic activity conducted by cooperative.

NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982


450.3109 Requirements of § 460.1 et seq. not modified; effect of economic activity conducted by cooperative.

Sec. 1109.

(1) This chapter does not modify the requirements of Act No. 3 of the Public Acts of 1939, being sections 460.1 to 460.8 of the Michigan Compiled Laws.

(2) The fact that a cooperative conducts economic activity under this act shall not alone cause the economic activity of the cooperative to be considered a conspiracy or combination in restraint of trade or an illegal monopoly, or an attempt to lessen competition or fix prices arbitrarily.


History: Add. 1984, Act 209, Eff. Nov. 1, 1985



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