Section 450.3152 Board of Directors; Election or Appointment Other Than by Vote of Membership.

MI Comp L § 450.3152 (2019) (N/A)
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Sec. 1152.

Notwithstanding section 505, the bylaws of a cooperative may provide for 1/3 or less of the board of directors to be elected or appointed other than by a vote of the membership.

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