There is a newer version of the Michigan Compiled Laws
2014 Michigan Compiled Laws
Chapter 450 - CORPORATIONS
Act 162 of 1982 NONPROFIT CORPORATION ACT (450.2101 - 450.3192)
162-1982-11 CHAPTER 11 (450.3100...450.3192)
Section 450.3151 Initial board of directors; membership; term.
MI Comp L § 450.3151 (2014) What's This?
NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982
450.3151 Initial board of directors; membership; term.
Sec. 1151.
Notwithstanding section 505, the initial board of directors of a cooperative shall consist of at least 5 persons. The term of office of directors shall be no more than 3 years.
History: Add. 1984, Act 209, Eff. Nov. 1, 1985
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