Section 450.3151 Initial Board of Directors; Membership; Term.

MI Comp L § 450.3151 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 1151.

Notwithstanding section 505, the initial board of directors of a cooperative shall consist of at least 5 persons. The term of office of directors shall be no more than 3 years.

History: Add. 1984, Act 209, Eff. Nov. 1, 1985