There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - Mich. Comp. Laws § 450.3131 Organization on nonstock membership basis.
Act 162 of 1982 450.3131 Organization on nonstock membership basis. Sec. 1131. 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.
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