Mich. Comp. Laws § 390.1573: Registered distance learning corporation; laws applicable to nonprofit corporations; tax exemption; registration.

Sec. 3.

A registered distance learning corporation is subject to the laws of this state applicable to nonprofit corporations, except as provided in this act.

A registered distance learning corporation is a charitable and benevolent institution, and its funds and property are exempt from taxation by this state or any political subdivision of this state.

A corporation shall not act as a registered distance learning corporation except as authorized by and pursuant to a registration issued by the director under this act.