Michigan § 450.3153 - Affiliation with another organization; section inapplicable to allocations of net savings.
Full text of Michigan Michigan Compiled Laws § 450.3153 — Affiliation with another organization; section inapplicable to allocations of net savings., with citation guidance and answers to common questions.
§ 450.3153. Affiliation with another organization; section inapplicable to allocations of net savings.
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.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.3153
What does Michigan Compiled Laws § 450.3153 cover?
Section 450.3153 ("Affiliation with another organization; section inapplicable to allocations of net savings.") 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 § 450.3153?
A common citation format is "Michigan Compiled Laws § 450.3153" (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 § 450.3153 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.