Section 450.3191 - Foreign cooperative.
NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982
450.3191 Foreign cooperative.
Sec. 1191.
A foreign cooperative shall be entitled to conduct its affairs in this state upon complying with the provisions of chapter 10 and, if a consumer cooperative, by agreeing to provide its members and patrons residing in this state reasonable notice of their membership rights. Reasonable notice shall be considered given if written notice of the matters required to be disclosed by section 1132 is provided to each patron residing in this state and written notice of the matters required to be disclosed by section 1138 is provided to each member residing in this state.
History: Add. 1984, Act 209, Eff. Nov. 1, 1985