NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982
450.3152 Board of directors; election or appointment other than by vote of membership.
Notwithstanding section 505, the bylaws of a cooperative may provide for 1/3 or less of the board of directors to be elected or appointed other than by a vote of the membership.
History: Add. 1984, Act 209, Eff. Nov. 1, 1985
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