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Code · Michigan · Chapter 450 — Corporations

450.3133 Classification.

71 words·~1 min read·/mi/chapter-450/450-3133

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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
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