State Codes and Statutes
Statutes > Michigan > Chapter-450 > Act-162-of-1982 > 162-1982-11
Section 450.3100 - Short title.
Section 450.3101 - Applicability of act and chapter; amendment of articles or bylaws; exemption.
Section 450.3102 - Controlling definitions.
Section 450.3103 - Definitions; C to F.
Section 450.3104 - Definitions; M to U.
Section 450.3107 - Inconsistent provisions inapplicable to chapter.
Section 450.3109 - Requirements of MCL 460.1 et seq. not modified; effect of economic activity conducted by cooperative.
Section 450.3121 - Articles of incorporation; requirement.
Section 450.3123 - Use of term “cooperative,”“co-op,”“consumer cooperative,” or any variation thereof.
Section 450.3125 - Adoption of initial bylaws; ratification or amendment; contents of bylaws.
Section 450.3131 - Organization on nonstock membership basis.
Section 450.3132 - Membership; notice of qualifications.
Section 450.3133 - Classification.
Section 450.3134 - Cooperative organized on member capital basis, member fee basis, or basis combining member capital and membership fee; powers.
Section 450.3135 - Net savings; determination, allocation, distribution, and use; apportionment of losses.
Section 450.3136 - Certificate; issuance; contents; restrictions on dividends.
Section 450.3137 - Nonvoting investment certificate or bond.
Section 450.3138 - Advising persons in writing; statement on membership certificate.
Section 450.3139 - Redemption of member capital; failure to patronize cooperative; notice of redemption; failure to respond and claim payment; failure to claim refunds of patronage capital, deposits,
Section 450.3141 - Meetings; petitions; signatures; quorum.
Section 450.3143 - Alternative notice of regular meeting.
Section 450.3144 - Proxies; voting by mail ballot, referendum, or electronic transmission.
Section 450.3145 - Amendments; affirmative vote of majority.
Section 450.3146 - Effective date of adopted action; confirmation vote; filing with administrator.
Section 450.3147 - Dispute resolution body.
Section 450.3148 - Purchase or sale under execution, in course of bankruptcy, or by legal process or operation of law; pledge of certificate; assignment of proprietary lease or other agreement.
Section 450.3149 - Books for recording operations; annual report, balance sheet, and income statement; certified report of condition; copies of reports; mailings at request and expense of member; noti
Section 450.3151 - Initial board of directors; membership; term.
Section 450.3152 - Board of directors; election or appointment other than by vote of membership.
Section 450.3153 - Affiliation with another organization; section inapplicable to allocations of net savings.
Section 450.3161 - Amendment to articles of incorporation; calling special meeting; consideration of proposed amendment.
Section 450.3162 - Distribution of assets generally.
Section 450.3183 - Distribution of assets upon dissolution; distribution of assets held for charitable or similar purpose; redemption of investment certificates.
Section 450.3191 - Foreign cooperative.
Section 450.3192 - Election by corporation to accept act and chapter; procedure; effect of filing certificate of election.
State Codes and Statutes
Statutes > Michigan > Chapter-450 > Act-162-of-1982 > 162-1982-11
Section 450.3100 - Short title.
Section 450.3101 - Applicability of act and chapter; amendment of articles or bylaws; exemption.
Section 450.3102 - Controlling definitions.
Section 450.3103 - Definitions; C to F.
Section 450.3104 - Definitions; M to U.
Section 450.3107 - Inconsistent provisions inapplicable to chapter.
Section 450.3109 - Requirements of MCL 460.1 et seq. not modified; effect of economic activity conducted by cooperative.
Section 450.3121 - Articles of incorporation; requirement.
Section 450.3123 - Use of term “cooperative,”“co-op,”“consumer cooperative,” or any variation thereof.
Section 450.3125 - Adoption of initial bylaws; ratification or amendment; contents of bylaws.
Section 450.3131 - Organization on nonstock membership basis.
Section 450.3132 - Membership; notice of qualifications.
Section 450.3133 - Classification.
Section 450.3134 - Cooperative organized on member capital basis, member fee basis, or basis combining member capital and membership fee; powers.
Section 450.3135 - Net savings; determination, allocation, distribution, and use; apportionment of losses.
Section 450.3136 - Certificate; issuance; contents; restrictions on dividends.
Section 450.3137 - Nonvoting investment certificate or bond.
Section 450.3138 - Advising persons in writing; statement on membership certificate.
Section 450.3139 - Redemption of member capital; failure to patronize cooperative; notice of redemption; failure to respond and claim payment; failure to claim refunds of patronage capital, deposits,
Section 450.3141 - Meetings; petitions; signatures; quorum.
Section 450.3143 - Alternative notice of regular meeting.
Section 450.3144 - Proxies; voting by mail ballot, referendum, or electronic transmission.
Section 450.3145 - Amendments; affirmative vote of majority.
Section 450.3146 - Effective date of adopted action; confirmation vote; filing with administrator.
Section 450.3147 - Dispute resolution body.
Section 450.3148 - Purchase or sale under execution, in course of bankruptcy, or by legal process or operation of law; pledge of certificate; assignment of proprietary lease or other agreement.
Section 450.3149 - Books for recording operations; annual report, balance sheet, and income statement; certified report of condition; copies of reports; mailings at request and expense of member; noti
Section 450.3151 - Initial board of directors; membership; term.
Section 450.3152 - Board of directors; election or appointment other than by vote of membership.
Section 450.3153 - Affiliation with another organization; section inapplicable to allocations of net savings.
Section 450.3161 - Amendment to articles of incorporation; calling special meeting; consideration of proposed amendment.
Section 450.3162 - Distribution of assets generally.
Section 450.3183 - Distribution of assets upon dissolution; distribution of assets held for charitable or similar purpose; redemption of investment certificates.
Section 450.3191 - Foreign cooperative.
Section 450.3192 - Election by corporation to accept act and chapter; procedure; effect of filing certificate of election.
State Codes and Statutes
Statutes >
Michigan >
Chapter-450 >
Act-162-of-1982 >
162-1982-11 Section 450.3100 - Short title.Section 450.3101 - Applicability of act and chapter; amendment of articles or bylaws; exemption.Section 450.3102 - Controlling definitions.Section 450.3103 - Definitions; C to F.Section 450.3104 - Definitions; M to U.Section 450.3107 - Inconsistent provisions inapplicable to chapter.Section 450.3109 - Requirements of MCL 460.1 et seq. not modified; effect of economic activity conducted by cooperative.Section 450.3121 - Articles of incorporation; requirement.Section 450.3123 - Use of term “cooperative,”“co-op,”“consumer cooperative,” or any variation thereof.Section 450.3125 - Adoption of initial bylaws; ratification or amendment; contents of bylaws.Section 450.3131 - Organization on nonstock membership basis.Section 450.3132 - Membership; notice of qualifications.Section 450.3133 - Classification.Section 450.3134 - Cooperative organized on member capital basis, member fee basis, or basis combining member capital and membership fee; powers.Section 450.3135 - Net savings; determination, allocation, distribution, and use; apportionment of losses.Section 450.3136 - Certificate; issuance; contents; restrictions on dividends.Section 450.3137 - Nonvoting investment certificate or bond.Section 450.3138 - Advising persons in writing; statement on membership certificate.Section 450.3139 - Redemption of member capital; failure to patronize cooperative; notice of redemption; failure to respond and claim payment; failure to claim refunds of patronage capital, deposits, Section 450.3141 - Meetings; petitions; signatures; quorum.Section 450.3143 - Alternative notice of regular meeting.Section 450.3144 - Proxies; voting by mail ballot, referendum, or electronic transmission.Section 450.3145 - Amendments; affirmative vote of majority.Section 450.3146 - Effective date of adopted action; confirmation vote; filing with administrator.Section 450.3147 - Dispute resolution body.Section 450.3148 - Purchase or sale under execution, in course of bankruptcy, or by legal process or operation of law; pledge of certificate; assignment of proprietary lease or other agreement.Section 450.3149 - Books for recording operations; annual report, balance sheet, and income statement; certified report of condition; copies of reports; mailings at request and expense of member; notiSection 450.3151 - Initial board of directors; membership; term.Section 450.3152 - Board of directors; election or appointment other than by vote of membership.Section 450.3153 - Affiliation with another organization; section inapplicable to allocations of net savings.Section 450.3161 - Amendment to articles of incorporation; calling special meeting; consideration of proposed amendment.Section 450.3162 - Distribution of assets generally.Section 450.3183 - Distribution of assets upon dissolution; distribution of assets held for charitable or similar purpose; redemption of investment certificates.Section 450.3191 - Foreign cooperative.Section 450.3192 - Election by corporation to accept act and chapter; procedure; effect of filing certificate of election.
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