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2022 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 450.3131 - Organization on Nonstock Membership Basis.
Universal Citation: MI Comp L § 450.3131 (2022)
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.
History: Add. 1984, Act 209, Eff. Nov. 1, 1985
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