Michigan Compiled Laws § 450.3151 Initial Board Of Directors; Membership; Term.

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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Last modified: October 10, 2016