Michigan Laws 125.1472 – “Consumer housing cooperative” as part of corporate name; exception
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(1) Except as provided in subsection (2), the term “consumer housing cooperative” shall be included as a part of the corporate name as set forth in the certificate of incorporation.
(2) This section shall not apply to a corporation organized before March 10, 1967, as a nonprofit cooperative corporation pursuant to section 98 to 132 of Act No. 327 of the Public Acts of 1931, as amended, being section 450.98 to 450.132 of the Michigan Compiled Laws.
Terms Used In Michigan Laws 125.1472
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- shall not apply: means that the pertinent provision is not operative as to certain persons or things or in conjunction with a particular date or dates. See Michigan Laws 8.4c