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Code · Michigan · Chapter 450 — Corporations

450.2302 Corporation organized upon nonstock basis.

45 words·~1 min read·/mi/chapter-450/450-2302

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450.2302 Corporation organized upon nonstock basis.
Sec. 302.
A corporation shall be organized upon a stock or nonstock basis. A corporation organized upon a nonstock basis shall be organized upon a membership basis or a directorship basis.
History: 1982, Act 162, Eff. Jan. 1, 1983
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