NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982
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
© 2009 Legislative Council, State of Michigan
