State Codes and Statutes
Statutes > Michigan > Chapter-450 > Act-162-of-1982 > 162-1982-11 > Section-450-3109NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982
450.3109 Requirements of MCL 460.1 et seq. not modified; effect of economic activity conducted by cooperative.
Sec. 1109.
(1) This chapter does not modify the requirements of Act No. 3 of the Public Acts of 1939, being sections 460.1 to 460.8 of the Michigan Compiled Laws.
(2) The fact that a cooperative conducts economic activity under this act shall not alone cause the economic activity of the cooperative to be considered a conspiracy or combination in restraint of trade or an illegal monopoly, or an attempt to lessen competition or fix prices arbitrarily.
History: Add. 1984, Act 209, Eff. Nov. 1, 1985
