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Organization on Nonstock Membership Basis - Mich. Comp. Laws Section 450.3131

Legal Research Home > Michigan Laws > Corporations > Organization on Nonstock Membership Basis - Mich. Comp. Laws Section 450.3131

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

Section: Previous 450.3103 450.3104 450.3107 450.3109 450.3121 450.3123 450.3125 450.3131 450.3132 450.3133 450.3134 450.3135 450.3136 450.3137 450.3138 Next

Last modified: March 17, 2013