{"data":{"id":"us-mi/mich.-comp.-laws-450.3153","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 450.3153","heading":"Affiliation with another organization; section inapplicable to allocations of net savings.","body":"Sec. 1153.\n\nA 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.","path":["MI Code","Chapter 450","Act Act-162-of-1982"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-450-3153","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"6c78f55f3722d7a5691ebc1d0616fac1808319671e2241c1b4299ef46c562377","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-450.3152","next":"us-mi/mich.-comp.-laws-450.3161"},"notice":"GroundRules: Original legal text. Not legal advice."}