reglab/housing_qa huggingface dataset:
MI Comp L § 450.3138 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 162 of 1982 - Nonprofit Corporation Act (450.2101 - 450.3192)|162-1982-11 - Chapter 11 (450.3100...450.3192)|Section 450.3138 - Advising Persons in Writing; Statement on Membership Certificate.

450.3138 Advising persons in writing; statement on membership certificate. Sec. 1138.  Prior to accepting a person as a member or any membership fee or member capital, a cooperative shall advise the person in writing of the items in subdivisions (a) to (g). A cooperative shall also conspicuously state on each membership certificate the items in subdivisions (a), (e), and (f):  (a) A statement that the corporation is a cooperative subject to this act and under what act it is organized.  (b) A statement that the purpose of becoming a member of a cooperative is to assure access to the goods, services, and facilities of the cooperative and not to gain profit.  (c) A statement of voting rights and rights to notice of meetings of members.  (d) A statement of the qualifications for admission to and retention of membership and the right of the cooperative to terminate membership, if any.  (e) A statement of the restrictions, if any, on the transfer of memberships.  (f) A statement of the rights to redemption of a member capital, if any, or a statement that member capital is not redeemable.  (g) A statement of the right of members to call special meetings or cause a mail ballot, to receive annual reports, and to secure other material information concerning the cooperative. History: Add. 1984, Act 209, Eff. Nov. 1, 1985
MI Comp L § 450.3141 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 162 of 1982 - Nonprofit Corporation Act (450.2101 - 450.3192)|162-1982-11 - Chapter 11 (450.3100...450.3192)|Section 450.3141 - Meetings; Petitions; Signatures; Quorum.

450.3141 Meetings; petitions; signatures; quorum. Sec. 1141.  Regular meetings of members shall be held at a time and place prescribed in the bylaws but not less than annually. A special meeting of members may be called by the board of directors or by written petition of members. A petition shall state the purpose or purposes for which the meeting is to be called. Unless the bylaws provide for a smaller percent or number, the number of member signatures required for such a petition shall be 10% of the members. Notwithstanding section 415, unless the articles or bylaws provide a greater percentage or number, a quorum shall be 10% of the members or 50 members, whichever is less. History: Add. 1984, Act 209, Eff. Nov. 1, 1985
MI Comp L § 450.3143 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 162 of 1982 - Nonprofit Corporation Act (450.2101 - 450.3192)|162-1982-11 - Chapter 11 (450.3100...450.3192)|Section 450.3143 - Alternative Notice of Regular Meeting.

450.3143 Alternative notice of regular meeting. Sec. 1143.  Instead of the notice required in section 404, written notice of the time, place, and purposes of a regular meeting of members may be given by a means specified in the bylaws and accessible to all members, if the date of regular meeting is established in the bylaws and the notice is made accessible to all members at least 15 days before the meeting. History: Add. 1984, Act 209, Eff. Nov. 1, 1985
MI Comp L § 450.3144 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 162 of 1982 - Nonprofit Corporation Act (450.2101 - 450.3192)|162-1982-11 - Chapter 11 (450.3100...450.3192)|Section 450.3144 - Proxies; Voting by Mail Ballot, Referendum, or Electronic Transmission.

450.3144 Proxies; voting by mail ballot, referendum, or electronic transmission.Sec. 1144.  (1) Notwithstanding section 421, there shall be no proxies unless the articles of incorporation or bylaws authorize use of proxies. If the articles of incorporation or bylaws authorize use of proxies, an individual may not vote more than 5 proxies at any meeting.  (2) The articles or bylaws may provide a method by which members may vote on matters submitted to a vote of members by mail ballot, referendum, or electronic transmission. History: Add. 1984, Act 209, Eff. Nov. 1, 1985 ;-- Am. 2008, Act 9, Imd. Eff. Feb. 29, 2008
MI Comp L § 450.3145 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 162 of 1982 - Nonprofit Corporation Act (450.2101 - 450.3192)|162-1982-11 - Chapter 11 (450.3100...450.3192)|Section 450.3145 - Amendments; Affirmative Vote of Majority.

450.3145 Amendments; affirmative vote of majority.Sec. 1145.  Notwithstanding section 611(4), 703a(2)(d), 753(4), or 804(6), unless the articles of incorporation provide for a higher vote for passage, amendment of the articles of incorporation, amendment of the bylaws that alters member voting rights or member capital, merger, disposition of all or substantially all of the assets of the corporation, or dissolution require approval by the affirmative vote of a majority of the votes cast by members that are eligible to vote on that matter, and if a class is eligible to vote on that matter as a class, the affirmative vote of a majority of the votes cast by members of that class. An action described in this section shall be taken at a meeting called according to the notice provisions of section 404. History: Add. 1984, Act 209, Eff. Nov. 1, 1985 ;-- Am. 2014, Act 557, Imd. Eff. Jan. 15, 2015
MI Comp L § 450.3146 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 162 of 1982 - Nonprofit Corporation Act (450.2101 - 450.3192)|162-1982-11 - Chapter 11 (450.3100...450.3192)|Section 450.3146 - Effective Date of Adopted Action; Confirmation Vote; Filing With Administrator.

450.3146 Effective date of adopted action; confirmation vote; filing with administrator. Sec. 1146.  (1) An action subject to the vote requirement of section 1145 shall not take effect for 60 days from the date of adoption and shall be subject to 1 confirmation vote as provided in subsection (2) if the action is adopted by less than a majority of all the members eligible to vote.  (2) If a petition of 15% or more of the members eligible to vote is presented to the cooperative prior to the sixtieth day after the adoption of the action, the cooperative shall cause a confirmation vote to be held. The cooperative shall cause a special meeting or, if authorized, mail ballot or referendum to be conducted within 45 days of receipt of the petition. The confirmation vote must achieve the vote which would have been required for original adoption. If confirmed, the action or amendment may take effect immediately after the confirmation or upon filing with the administrator, if such filing is required.  (3) If an action or amendment is subject to confirmation, a filing shall not be made with the administrator until the time for presenting a petition has expired or the action is confirmed. History: Add. 1984, Act 209, Eff. Nov. 1, 1985
MI Comp L § 450.3147 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 162 of 1982 - Nonprofit Corporation Act (450.2101 - 450.3192)|162-1982-11 - Chapter 11 (450.3100...450.3192)|Section 450.3147 - Dispute Resolution Body.

450.3147 Dispute resolution body. Sec. 1147.  A cooperative may authorize in its articles or bylaws the establishment of a neutral dispute resolution body. The dispute resolution body shall attempt to settle disputes between the cooperative and any of its members. It shall be composed of individuals who are approved by both parties to the dispute, which individuals may be members or nonmembers, but not officers or directors of the cooperative. The bylaws of a cooperative may provide that membership in the cooperative is conditioned upon participation in good faith in the dispute resolution process authorized by this section. History: Add. 1984, Act 209, Eff. Nov. 1, 1985
MI Comp L § 450.3148 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 162 of 1982 - Nonprofit Corporation Act (450.2101 - 450.3192)|162-1982-11 - Chapter 11 (450.3100...450.3192)|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.

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. Sec. 1148.  (1) The purchase or sale of any member capital or privileges in a cooperative made under execution, or in the course of bankruptcy proceedings, or by any legal process or by operation of law, shall not give any person any membership right, title, or interest in a cooperative, unless in accordance with the articles or bylaws of the cooperative.  (2) No subsequent amendment to the articles or bylaws shall invalidate or otherwise impair a pledge of a certificate issued under section 1136 or an assignment of a proprietary lease or other agreement providing for occupancy of facilities furnished by the cooperative, if the pledge or assignment was made when the articles or bylaws expressly permitted the pledge or assignment in connection with loans made to members. History: Add. 1984, Act 209, Eff. Nov. 1, 1985
MI Comp L § 450.3149 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 162 of 1982 - Nonprofit Corporation Act (450.2101 - 450.3192)|162-1982-11 - Chapter 11 (450.3100...450.3192)|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.

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. Sec. 1149.  (1) A cooperative shall keep a set of books for recording its operations. A written report, including a statement of the amount of its transactions with members and the amount of its transactions with nonmember patrons, a balance sheet, and an income statement shall be prepared annually.  (2) A cooperative shall prepare, not later than 120 days after the close of its fiscal year, a report of its condition, which report shall be certified by the president. The report shall include all of the following:  (a) The name and principal address of the cooperative.  (b) The names, addresses, and date of expiration of terms of the officers and directors, and their rate of compensation, if any.  (c) The number of memberships granted and terminated and the amount of member capital paid in during the fiscal year.  (3) A copy of the reports required by this section shall be presented at the annual membership meeting or distributed to each member. Copies of the report shall be kept on file at the principal office of the cooperative and shall be made available to members, subscribers, and applicants for membership during regular business hours. In addition, copies of the report shall be mailed to a member upon written request by the member.  (4) If a membership address list is not accessible to members, then any mailing reasonably related to the affairs of the membership shall be made by a cooperative at the request and expense of a member.  (5) If a member makes a timely request in writing that a cooperative notify the membership of the member's desire to be contacted by other members regarding a proposal then pending for vote by the membership, the cooperative shall include in the next communication sent by the cooperative to all members, if any, a brief notice of that member's request which shall identify the member and shall state whether the member is for or against the proposal and how to contact that member. History: Add. 1984, Act 209, Eff. Nov. 1, 1985
MI Comp L § 450.3151 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 162 of 1982 - Nonprofit Corporation Act (450.2101 - 450.3192)|162-1982-11 - Chapter 11 (450.3100...450.3192)|Section 450.3151 - Initial Board of Directors; Membership; Term.

450.3151 Initial board of directors; membership; term. 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
MI Comp L § 450.3152 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 162 of 1982 - Nonprofit Corporation Act (450.2101 - 450.3192)|162-1982-11 - Chapter 11 (450.3100...450.3192)|Section 450.3152 - Board of Directors; Election or Appointment Other Than by Vote of Membership.

450.3152 Board of directors; election or appointment other than by vote of membership. 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
MI Comp L § 450.3153 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 162 of 1982 - Nonprofit Corporation Act (450.2101 - 450.3192)|162-1982-11 - Chapter 11 (450.3100...450.3192)|Section 450.3153 - Affiliation With Another Organization; Section Inapplicable to Allocations of Net Savings.

450.3153 Affiliation with another organization; section inapplicable to allocations of net savings. Sec. 1153.  A vote of the membership shall be required to affiliate with another organization involving the investment of more than 30% of the assets of the cooperative, if the affiliation is not in the usual and regular course of its business. This section shall not apply to any allocations of net savings to the cooperative by any person. History: Add. 1984, Act 209, Eff. Nov. 1, 1985
MI Comp L § 450.3161 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 162 of 1982 - Nonprofit Corporation Act (450.2101 - 450.3192)|162-1982-11 - Chapter 11 (450.3100...450.3192)|Section 450.3161 - Amendment to Articles of Incorporation; Calling Special Meeting; Consideration of Proposed Amendment.

450.3161 Amendment to articles of incorporation; calling special meeting; consideration of proposed amendment. Sec. 1161.  An amendment to the articles of incorporation may be proposed by the board, by 10% or more of the members, or by some smaller percentage of members established in the articles or bylaws. If proposed by the number of members required for calling a special meeting pursuant to section 1141, a special meeting shall be called within a reasonable time. If proposed by less than the number of members required to call a special meeting, then the proposed amendment shall be considered at the next annual or special meeting. History: Add. 1984, Act 209, Eff. Nov. 1, 1985
MI Comp L § 450.3162 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 162 of 1982 - Nonprofit Corporation Act (450.2101 - 450.3192)|162-1982-11 - Chapter 11 (450.3100...450.3192)|Section 450.3162 - Distribution of Assets Generally.

450.3162 Distribution of assets generally.Sec. 1162.  In the event of an amendment to the articles of incorporation or bylaws, merger, or disposition of substantially all of the assets of a cooperative, or a dissolution, that results in a distribution of all or substantially all of the assets of the corporation to members, the corporation shall make that distribution in the manner and order provided in section 1183. History: Add. 1984, Act 209, Eff. Nov. 1, 1985 ;-- Am. 2014, Act 557, Imd. Eff. Jan. 15, 2015
MI Comp L § 450.3183 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 162 of 1982 - Nonprofit Corporation Act (450.2101 - 450.3192)|162-1982-11 - Chapter 11 (450.3100...450.3192)|Section 450.3183 - Distribution of Assets Upon Dissolution; Distribution of Assets Held for Charitable or Similar Purpose; Redemption of Investment Certificates.

450.3183 Distribution of assets upon dissolution; distribution of assets held for charitable or similar purpose; redemption of investment certificates. Sec. 1183.  (1) Notwithstanding section 855, upon dissolution, the assets of a cooperative shall be distributed in the following manner and order:  (a) By paying or providing for payment of its debts and expenses.  (b) By redeeming member capital by paying to the member in cash or other property (i) the lesser of the member's member capital or the member's pro rata share of total member capital of the cooperative determined according to the ratio each member's member capital bears to total member capital, unless a different proration is provided in the articles; or (ii) such other amount as may be provided in the articles or bylaws.  (c) By distributing any surplus to (i) those patrons who have been members or subscribers at any time during not less than the 6 years preceding dissolution or since formation of the cooperative, whichever is less, on the basis of patronage during that period; (ii) any other cooperative, foreign cooperative, or nonprofit organization designated by membership resolution; or (iii) both.  (2) Assets held by a cooperative for a charitable or similar purpose shall be distributed pursuant to section 855(c).   (3) Investment certificates issued pursuant to section 1137 shall be redeemed according to the terms of the certificates. History: Add. 1984, Act 209, Eff. Nov. 1, 1985
MI Comp L § 450.3191 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 162 of 1982 - Nonprofit Corporation Act (450.2101 - 450.3192)|162-1982-11 - Chapter 11 (450.3100...450.3192)|Section 450.3191 - Foreign Cooperative.

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
MI Comp L § 450.3192 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 162 of 1982 - Nonprofit Corporation Act (450.2101 - 450.3192)|162-1982-11 - Chapter 11 (450.3100...450.3192)|Section 450.3192 - Election by Corporation to Accept Act and Chapter; Procedure; Effect of Filing Certificate of Election.

450.3192 Election by corporation to accept act and chapter; procedure; effect of filing certificate of election. Sec. 1192.  (1) Any corporation may elect to accept this act and this chapter as follows:  (a) The board of directors shall adopt a resolution recommending that the corporation accept this act and this chapter and directing that the question of acceptance be submitted to a vote at a meeting of the members or stockholders entitled to vote thereon. Written notice stating that the purpose, or 1 of the purposes, of the meeting is to consider electing to accept this act and this chapter, shall be given to each member and stockholder entitled to vote at the meeting, within the time and in the manner provided in this act for the giving of notice of meetings of members. The election to accept this act and this chapter shall require for adoption that vote which is required by that corporation to amend its articles of incorporation.  (b) A certificate of election to accept the act and this chapter shall be filed in accordance with section 131. The certificate shall set forth:  (i) The name of the corporation.  (ii) A statement by the corporation that it has elected to accept this act and this chapter.  (iii) A statement setting forth the date of the meeting of members or stockholders at which the election to accept this act and this chapter was made, that a quorum was present at the meeting, and that the acceptance was authorized by that vote which is required by the corporation to amend its articles of incorporation.  (iv) If the corporation has issued shares of stock, a statement of that fact including the number of shares issued and outstanding, and a statement that all issued and outstanding shares of stock will be canceled upon the filing of the statement and that from and after the effective date of filing the authority of the corporation to issue shares of stock shall be terminated.  (v) A statement of the manner and basis of converting shares or memberships, voting rights, and equity interests into memberships, voting rights, and member capital subject to this chapter.  (2) Upon filing of the certificate of election, the election of the corporation to accept this act and this chapter shall become effective and the corporation shall have the same powers and privileges and be subject to the same duties, restrictions, penalties, and liabilities as though the corporation had been originally organized under this act and this chapter. History: Add. 1984, Act 209, Eff. Nov. 1, 1985
MI Comp L § 450.4101 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)|Article 1 - (450.4101...450.4106)|Section 450.4101 - Short Title.

450.4101 Short title. Sec. 101.  This act shall be known and may be cited as the "Michigan limited liability company act". History: 1993, Act 23, Eff. June 1, 1993
MI Comp L § 450.4103 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)|Article 1 - (450.4101...450.4106)|Section 450.4103 - Documents; Signatures; Requirements.

450.4103 Documents; signatures; requirements.Sec. 103.  (1) One or more persons organizing a limited liability company shall sign the original articles of organization as organizers. The articles shall state the names of the organizers beneath or opposite their signatures.  (2) Any document other than original articles of organization required or permitted to be filed under this act that this act requires be executed on behalf of the domestic limited liability company shall be signed by a manager of the company if management is vested in 1 or more managers, by at least 1 member if management remains in the members, or by any authorized agent of the company. A document required to be executed on behalf of a foreign limited liability company shall be signed by a person with authority to do so under the laws of the jurisdiction of its organization. The document shall state the name of the person signing the document and the capacity in which he or she signs beneath or opposite his or her signature.  (3) A person may sign a document under this section as an authorized agent of a limited liability company. If the authorization is pursuant to a power of attorney, the power of attorney authorizing the signing of the document by the person need not be sworn to, verified, acknowledged, or filed with the administrator. A document signed by a person under this subsection as an authorized agent of a limited liability company shall state the capacity of the person signing the document. History: 1993, Act 23, Eff. June 1, 1993 ;-- Am. 1997, Act 52, Imd. Eff. July 1, 1997 ;-- Am. 2002, Act 686, Imd. Eff. Dec. 30, 2002 ;-- Am. 2010, Act 290, Imd. Eff. Dec. 16, 2010