reglab/housing_qa huggingface dataset:
MI Comp L § 450.101 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 327 of 1931 - Michigan General Corporation Statute (450.1 - 450.192)|Section 450.101 - Cooperative Corporations; Shareholders' Powers; Directors, Election, Term, Number; Voting.

450.101 Cooperative corporations; shareholders' powers; directors, election, term, number; voting. Sec. 101.  The shareholders of any cooperative corporation shall have power: to adopt bylaws for the government and regulation of its business management, and to amend such bylaws; to determine the manner of distributing the earnings of the corporation upon a cooperative plan; to limit and define the powers and duties and the number of directors and officers; to delegate to the directors any particular power or authority which the shareholders themselves possess, excepting the right to elect or dismiss directors and to amend the articles; to fix the time for holding the elections of its directors, which, shall be annual unless a longer term is prescribed in the articles or bylaws: Provided, That in the event directors are elected for a term of more than 1 year, the bylaws shall prescribe the length of term and the number of directors to be elected each year, to determine whether or not voting by proxy shall be allowed, and if so allowed, when and how, to provide the manner in which directors and officers may be removed and their successors elected at any time by vote of the shareholders; to determine whether or not shareholders shall be limited to 1 vote each, regardless of the number of shares held; to determine the number of shareholders attending any meeting, or the number of shares represented at any meeting of shareholders which shall constitute a quorum, which may be less than a majority; to determine the manner in which shareholders may vote by mail, if the articles or bylaws provide for such voting; and to provide a limitation upon the amount of capital stock which may be owned by any 1 shareholder therein; all of which shall be included in the bylaws or in the articles. History: 1931, Act 327, Eff. Sept. 18, 1931 ;-- Am. 1941, Act 327, Eff. Jan. 10, 1942 ;-- CL 1948, 450.101 ;-- Am. 1949, Act 232, Eff. Sept. 23, 1949 Former Law: See section 4 of Ch. IV of Part II of Act 84 of 1921, being CL 1929, § 10030.
MI Comp L § 450.102 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 327 of 1931 - Michigan General Corporation Statute (450.1 - 450.192)|Section 450.102 - Cooperative Corporations; Membership, Regulations.

450.102 Cooperative corporations; membership, regulations. Sec. 102.  Same; membership. The shareholders of every co-operative corporation may also provide in their articles or by-laws, the necessary qualifications of shareholders or members, together with provisions limiting, prescribing or regulating the transfer of such membership, and the terms and conditions under which, if at all, membership or certificates of stock may be transferred. No sale, transfer or assignment of membership rights or of any stock in any co-operative corporation shall be valid unless made in accordance with its articles or by-laws; nor shall any purchase and sale of any such shareholder's stock or privileges in such corporation made under execution, or in the course of bankruptcy proceedings, or by any legal process or by operation of law, give any person any shareholder's or membership right, title or interest in and to such corporation, unless in accordance with its articles or by-laws. History: 1931, Act 327, Eff. Sept. 18, 1931 ;-- CL 1948, 450.102 Compiler's Notes: The catchline following the act section number was incorporated as part of the section when the act was enacted.Former Law: See section 5 of Ch. IV of Part II of Act 84 of 1921, being CL 1929, § 10031.
MI Comp L § 450.103 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 327 of 1931 - Michigan General Corporation Statute (450.1 - 450.192)|Section 450.103 - Cooperative Corporations; Amendments to Articles.

450.103 Cooperative corporations; amendments to articles. Sec. 103.  Same; amendment to articles. One-tenth of the entire number of shareholders of any cooperative corporation may propose any desired amendment to the articles or to the bylaws of such corporation, and any amendment so proposed shall be voted upon at the next annual meeting by the shareholders. History: 1931, Act 327, Eff. Sept. 18, 1931 ;-- Am. 1941, Act 327, Eff. Jan. 10, 1942 ;-- CL 1948, 450.103 Compiler's Notes: The catchline following the act section number was incorporated as part of the section when the act was enacted.Former Law: See section 6 of Ch. IV of Part II of Act 84 of 1921, being CL 1929, § 10032.
MI Comp L § 450.104 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 327 of 1931 - Michigan General Corporation Statute (450.1 - 450.192)|Section 450.104 - Cooperative Corporations; Reserve Funds, Investment; Shareholders, Vote.

450.104 Cooperative corporations; reserve funds, investment; shareholders, vote. Sec. 104.  Same; investment of reserve fund. At any regular meeting, or any duly called special meeting, at which the quorum fixed by the bylaws shall be present, the shareholders of any cooperative corporation may by a majority vote of such shareholders present in person, subscribe for shares and invest a portion of the reserve fund of such corporation, not to exceed at any time 20 per cent in the aggregate of its capital, in the capital stock or membership capital of any other cooperative corporation or corporations with which it desires to cooperate or affiliate: Provided, however, That this provision shall not be construed to prevent such corporation from accepting patronage dividends in the form of stock or otherwise from such other corporation in any amount. History: 1931, Act 327, Eff. Sept. 18, 1931 ;-- Am. 1941, Act 327, Eff. Jan. 10, 1942 ;-- CL 1948, 450.104 Compiler's Notes: The catchline following the act section number was incorporated as part of the section when the act was enacted.Former Law: See section 7 of Ch. IV of Part II of Act 84 of 1921, being CL 1929, § 10033.
MI Comp L § 450.105 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 327 of 1931 - Michigan General Corporation Statute (450.1 - 450.192)|Section 450.105 - Cooperative Corporations; Purchase of Business; Payment, Methods.

450.105 Cooperative corporations; purchase of business; payment, methods. Sec. 105.  Same; purchase of business of another corporation. Whenever any cooperative corporation shall purchase the business of another corporation, firm or person or persons, it may pay for the same in whole or in part by issuing to the selling corporation, firm, person or persons, shares of its capital stock to an amount which, at par value, would equal the fair market value of the business so purchased, and in such case the transfer to the purchasing corporation of such business at such valuation shall be equivalent to payment in cash for the shares of stock so issued. History: 1931, Act 327, Eff. Sept. 18, 1931 ;-- Am. 1941, Act 327, Eff. Jan. 10, 1942 ;-- CL 1948, 450.105 Compiler's Notes: The catchline following the act section number was incorporated as part of the section when the act was enacted.Former Law: See section 8 of Ch. IV of Part II of Act 84 of 1921, being CL 1929, § 10034.
MI Comp L § 450.106 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 327 of 1931 - Michigan General Corporation Statute (450.1 - 450.192)|Section 450.106 - Cooperative Corporations; Distribution of Dividends; Reserves; Distribution of Cooperative Dividends; Determining Annual Privilege Fee.

450.106 Cooperative corporations; distribution of dividends; reserves; distribution of cooperative dividends; determining annual privilege fee. Sec. 106.  The shareholders of every cooperative corporation shall provide in the bylaws what percent upon the paid-up capital stock of the corporation, not exceeding 8% per annum, shall be first paid and distributed to the holders of the paid-up capital stock as dividends before dividing the surplus earnings or profits, as provided in this act, and whether or not the dividends shall be cumulative. The bylaws shall further provide what amount or percentage of the annual profit and earnings of the business, over and above the dividends to shareholders shall be retained and kept in the treasury of the corporation as a reserve, and in what manner, method, and proportion the surplus annual earnings and profits of the business of the corporation, in excess of the dividends and reserves, shall be divided up and distributed as a cooperative dividend, under the cooperative plan or principle adopted by the corporation among shareholders or members doing business with the corporation; and may also provide for cooperative dividends to nonstockholders or nonmembers. For the purposes of determining the amount owing by the cooperative corporation as an annual privilege fee, the balance of the reserve in excess of 30% of the paid-up capital of the corporation shall be considered as surplus. History: 1931, Act 327, Eff. Sept. 18, 1931 ;-- Am. 1941, Act 327, Eff. Jan. 10, 1942 ;-- CL 1948, 450.106 ;-- Am. 1978, Act 121, Imd. Eff. Apr. 25, 1978 Former Law: See section 9 of Ch. IV of Part II of Act 84 of 1921, being CL 1929, § 10035.
MI Comp L § 450.107 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 327 of 1931 - Michigan General Corporation Statute (450.1 - 450.192)|Section 450.107 - Cooperative Corporations; Surplus Earnings, Distribution; Failure, Penalty.

450.107 Cooperative corporations; surplus earnings, distribution; failure, penalty. Sec. 107.  Same; surplus earnings. The surplus earnings and profits of every co-operative corporation shall be distributed to those entitled thereto at such times as the by-laws may provide, which shall be as often as once in each year. If any such corporation shall fail for 5 consecutive years to pay the dividend upon its paid-up capital stock in accordance with the provisions of its by-laws, a majority of the shareholders may petition the circuit court in chancery, in the county in which the registered office of such corporation is located, for the dissolution of such corporation. If, upon the hearing the court finds the allegations of the petition are substantially true, such corporation may be dissolved, its business wound up and its property distributed as the court may order and decree. History: 1931, Act 327, Eff. Sept. 18, 1931 ;-- CL 1948, 450.107 Compiler's Notes: The catchline following the act section number was incorporated as part of the section when the act was enacted.Former Law: See section 10 of Ch. IV of Part II of Act 84 of 1921, being CL 1929, § 10036.
MI Comp L § 450.108 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 327 of 1931 - Michigan General Corporation Statute (450.1 - 450.192)|Section 450.108 - Cooperative Corporations; Dealing in Commodities; Contracts, Agreements.

450.108 Cooperative corporations; dealing in commodities; contracts, agreements. Sec. 108.  Same; contracts and agreements. Every cooperative corporation engaged in buying, handling, selling or dealing in farm produce or other agricultural products, canned goods, or byproducts of any such goods, wares, merchandise or commodities, may enter into any and all necessary contracts with stockholders, members or other persons respecting the terms of such transaction, and may deal in such commodities upon commission or brokerage basis, by agency agreements, or upon a warehouse storage plan. History: 1931, Act 327, Eff. Sept. 18, 1931 ;-- Am. 1941, Act 327, Eff. Jan. 10, 1942 ;-- CL 1948, 450.108 Compiler's Notes: The catchline following the act section number was incorporated as part of the section when the act was enacted.Former Law: See section 11 of Ch. IV of Part II of Act 84 of 1921, being CL 1929, § 10037.
MI Comp L § 450.109 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 327 of 1931 - Michigan General Corporation Statute (450.1 - 450.192)|Section 450.109 - Cooperative Corporations; Breach of Contract; Encouragement Prohibited; Penalty.

450.109 Cooperative corporations; breach of contract; encouragement prohibited; penalty. Sec. 109.  Same; persons liable for damage for encouraging breach of contracts and agreements. Any person, firm, or corporation who solicits or persuades or permits or aids or abets, any stockholder and/or member or other person to breach a contract with a cooperative corporation, by accepting or receiving from such stockholder and/or member or other person, products for sale, marketing, manufacturing, or processing for sale, contrary to the terms of any marketing agreement of which said person or any member of said firm or any officer or manager of said corporation has knowledge or notice, shall be liable to the cooperative corporation aggrieved in a civil suit in the penal sum of $500.00 for each such contract; and such cooperative corporation shall be entitled to an injunction against such person, firm, or corporation to prevent further breaches and a multiplicity of actions thereon. In addition, said person, firm, or corporation shall pay to the cooperative a reasonable attorney's fee and all costs involved in any litigation or proceedings at law or chancery. History: 1931, Act 327, Eff. Sept. 18, 1931 ;-- Am. 1941, Act 327, Eff. Jan. 1942 ;-- CL 1948, 450.109 Compiler's Notes: The catchline following the act section number was incorporated as part of the section when the act was enacted.Former Law: See section 12 of Ch. IV of Part II of Act 84 of 1921, being CL 1929, § 10038.
MI Comp L § 450.117-450.132a (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 327 of 1931 - Michigan General Corporation Statute (450.1 - 450.192)|Section 450.117-450.132a - Repealed. 1982, Act 162, Eff. Jan. 1, 1983.

450.117-450.132a Repealed. 1982, Act 162, Eff. Jan. 1, 1983. Compiler's Notes: The repealed sections pertained to nonprofit corporations generally.
MI Comp L § 450.133 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 327 of 1931 - Michigan General Corporation Statute (450.1 - 450.192)|Section 450.133 - Incorporation of Fraternal or Secret Societies; Parent Lodge.

450.133 Incorporation of fraternal or secret societies; parent lodge. Sec. 133.  Incorporation of fraternal, etc., societies. Any number of persons, not less than 3, may become incorporated for the purpose of forming a secret society or lodge for benevolent, charitable, social, educational or mutual aid purposes or for any other similar purpose or purposes not prohibited by law. Such corporations shall be governed by the provisions of this act relating to corporations generally except as specifically otherwise provided. All societies, fraternal or otherwise, having for their principal purposes the teaching, practice and extending of benevolence, charity and fraternity under the form of secret rituals with a lodge form of government as commonly understood, desiring to be incorporated to more effectually carry out such purposes, shall hereafter incorporate under the provisions of this act. No such society or lodge whose parent organization is incorporated under the laws of any other country or state shall be permitted to organize or incorporate any subordinate state or local jurisdiction or lodge within this state without first applying for and receiving permission to do business within this state as such foreign corporation. History: 1931, Act 327, Eff. Sept. 18, 1931 ;-- CL 1948, 450.133 Compiler's Notes: The catchline following the act section number was incorporated as part of the section when the act was enacted.Former Law: See section 6 of Ch. I of Part I of Act 84 of 1921, being CL 1929, § 9948; and section 1 of Ch. II of Part III of Act 84 of 1921, being CL 1929, § 10062.
MI Comp L § 450.134 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 327 of 1931 - Michigan General Corporation Statute (450.1 - 450.192)|Section 450.134 - Parent Corporations; Articles of Incorporation.

450.134 Parent corporations; articles of incorporation. Sec. 134.  Parent lodge; articles of incorporation. If such society or lodge shall be intended to operate as a state jurisdiction of a lodge or society having a parent organization without this state, then such persons so incorporating shall exhibit with their articles the charter or permit from such foreign parent society or lodge permitting such incorporation with this state. The persons so incorporating shall execute and file articles in the form prescribed in section 4 of this act, with the secretary of state, as prescribed for non-profit corporations generally; and in addition to the other requirements of said section 4, the incorporators shall state in such articles:  (1) That such society or corporation shall have a secret ritual, and a representative form of government, whose purposes are not unlawful, and  (2) The executive offices within such society by such peculiar name as they shall be respectively known, and  (3) The principal features of organization, the distinguishing purposes and the name of the society by which all subordinate lodges thereof shall also be known when organized. History: 1931, Act 327, Eff. Sept. 18, 1931 ;-- CL 1948, 450.134 Compiler's Notes: The catchline following the act section number was incorporated as part of the section when the act was enacted.Former Law: See section 2 of Ch. II of Part III of Act 84 of 1921, being CL 1929, § 10063.
MI Comp L § 450.135 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 327 of 1931 - Michigan General Corporation Statute (450.1 - 450.192)|Section 450.135 - Parent Corporations; Ritual, Rules; Subordinate Lodges, Chartering.

450.135 Parent corporations; ritual, rules; subordinate lodges, chartering. Sec. 135.  Same; ritual, and rules; chartering of subordinate lodges. Every such parent corporation shall have the right to prescribe the ritual to be used in all the secret work of such lodge or society, the oath or other obligations to be taken by members or officers, and to enact by-laws, rules and regulations having uniform application throughout the organization. Such parent corporation shall have the right to organize and charter subordinate lodges or societies thereof, and to enact a system of discipline to which all such subordinate lodges and individual members may be compelled to conform under pain of expulsion therefrom; and to prescribe the terms and conditions under which such subordinate lodges and members may be admitted, retained in good standing or suspended or expelled from such membership. Such parent corporation may delegate to its officers, committees and to subordinate jurisdictions, such functions and powers as the articles or by-laws of such corporation may from time to time prescribe, not inconsistent with the laws of this state. History: 1931, Act 327, Eff. Sept. 18, 1931 ;-- CL 1948, 450.135 Compiler's Notes: The catchline following the act section number was incorporated as part of the section when the act was enacted.Former Law: See section 3 of Ch. II of Part III of Act 84 of 1921, being CL 1929, § 10064.
MI Comp L § 450.136 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 327 of 1931 - Michigan General Corporation Statute (450.1 - 450.192)|Section 450.136 - Parent Corporations; Supervision, Subordinate Lodge.

450.136 Parent corporations; supervision, subordinate lodge. Sec. 136.  Same; supervision of subordinate lodges. Every such parent corporation shall have the right to superintend, visit, instruct and guide its subordinate lodges and jurisdictions, through its duly appointed officers, agents and committees; may appoint its courts or judicial functionaries for the enforcement of its system of discipline within such lodge; may prescribe the initiation fees and annual or other periodic dues or contributions upon which membership may be conditioned, and may prescribe the proportion of such funds that shall belong to such parent corporation for the work of organizing, maintaining and carrying out the purposes of the society as a whole. History: 1931, Act 327, Eff. Sept. 18, 1931 ;-- CL 1948, 450.136 Compiler's Notes: The catchline following the act section number was incorporated as part of the section when the act was enacted.Former Law: See section 4 of Ch. II of Part III of Act 84 of 1921, being CL 1929, § 10065.
MI Comp L § 450.137 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 327 of 1931 - Michigan General Corporation Statute (450.1 - 450.192)|Section 450.137 - Parent Corporations; Management, Secretary.

450.137 Parent corporations; management, secretary. Sec. 137.  Same; management, secretary. The fiscal and business affairs of every such parent corporation shall be managed by such executive officers, committees, directors or trustees as the articles shall prescribe, who shall severally have such powers and liabilities as may be prescribed in the articles or in by-laws made pursuant thereto. The articles shall in all cases state the name of the committee having authority to enact the original by-laws of the parent corporation, and when and how the members thereof shall be elected or appointed and for how long such committee shall hold office. Every such parent society shall designate an officer who shall be its secretary whose powers and duties shall conform to those prescribed in this act for secretaries of corporations generally. History: 1931, Act 327, Eff. Sept. 18, 1931 ;-- CL 1948, 450.137 Compiler's Notes: The catchline following the act section number was incorporated as part of the section when the act was enacted.Former Law: See section 5 of Ch. II of Part III of Act 84 of 1921, being CL 1929, § 10066.
MI Comp L § 450.138 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 327 of 1931 - Michigan General Corporation Statute (450.1 - 450.192)|Section 450.138 - Parent Corporations; Name, Regulations.

450.138 Parent corporations; name, regulations. Sec. 138.  Same; name. No such parent corporation shall assume a name already in use by any other corporation, lodge, or society incorporated under the laws of this or any other state of the United States and admitted to do business in this state, nor any name which is so similar to that adopted by any other such lodge, or society as to lead to confusion or deception: Provided, That local or other subordinate jurisdictions shall in all cases use the name of the parent corporation in addition to some suitable local designation. History: 1931, Act 327, Eff. Sept. 18, 1931 ;-- CL 1948, 450.138 Compiler's Notes: The catchline following the act section number was incorporated as part of the section when the act was enacted.Former Law: See section 6 of Ch. II of Part III of Act 84 of 1921, being CL 1929, § 10067.