162-1982-11 Chapter 11 (450.3100...450.3192)

162-1982-11 Chapter 11 (450.3100...450.3192)

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; I 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, and Fees; Failure of Nonmember Patron to Pay in or Accumulate Full Member Capital or Comply With Bylaws.
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; Notice of Member's Desire to Be Contacted by Other Members Regarding Proposal.
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.

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