NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982
450.3133 Classification.
Sec. 1133.
If a cooperative has classes of members pursuant to section 304, classification shall be based only on 1 or more of the following number of members, number of persons served, type of patronage, level of patronage, or whether or not members are patrons. In a consumer cooperative, classification of consumers by level of patronage shall not be used.
History: Add. 1984, Act 209, Eff. Nov. 1, 1985
© 2009 Legislative Council, State of Michigan
