Michigan § 450.3138 - Advising persons in writing; statement on membership certificate.
Full text of Michigan Michigan Compiled Laws § 450.3138 — Advising persons in writing; statement on membership certificate., with citation guidance and answers to common questions.
§ 450.3138. Advising persons in writing; statement on membership certificate.
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 statement that the corporation is a cooperative subject to this act and under what act it is organized.
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.
A statement of voting rights and rights to notice of meetings of members.
A statement of the qualifications for admission to and retention of membership and the right of the cooperative to terminate membership, if any.
A statement of the restrictions, if any, on the transfer of memberships.
A statement of the rights to redemption of a member capital, if any, or a statement that member capital is not redeemable.
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.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.3138
What does Michigan Compiled Laws § 450.3138 cover?
Section 450.3138 ("Advising persons in writing; statement on membership certificate.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 450.3138?
A common citation format is "Michigan Compiled Laws § 450.3138" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 450.3138 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.