NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982
450.3121 Articles of incorporation; requirement.
In addition to the requirements of section 202, the articles of incorporation of a cooperative organized under this act shall state whether the cooperative will be financed on a membership fee basis, a member capital basis, or a combination of both.
History: Add. 1984, Act 209, Eff. Nov. 1, 1985
© 2009 Legislative Council, State of Michigan