Michigan Compiled Laws 346-1966-10 Chapter 10 (125.1499...125.1499c)

• Section 125.1499 Mutual Housing Association Generally.
  A mutual housing association shall be a nonprofit corporation or cooperative corporation incorporated pursuant to the laws of this state or authorized to transact...
• Section 125.1499a Mutual Housing Association; Corporate Name.
  The term “cooperative” or “mutual housing association” shall be included as a part of the corporate name as set forth in the certificate of...
• Section 125.1499b Mutual Housing Association; Requirements.
  A mutual housing association shall meet all of the following requirements: (a) At least 75% of its voting members or shareholders shall be residents...
• Section 125.1499c Loans Or Grants.
  The authority may make a loan or grant to a nonprofit housing corporation or association, mobile home park corporation or association, or limited dividend...

Last modified: October 10, 2016