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35 chapters · 354 sections in this title.
Mich. Comp. Laws § 460.31 Short title.
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Sec. 1. This act shall be known and may be cited as the "electric cooperative member-regulation act".
Mich. Comp. Laws § 460.32 Definitions.
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Sec. 2. As used in this act: (a) "Board of directors" or "board" means the group of members democratically elected by the members of a cooperative electric utility to manage the business and affairs of the cooperative electric utility. (b) "Commission" means the Michigan public s…
Mich. Comp. Laws § 460.33 Cooperative electric utilities; purpose of act.
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Sec. 3. Cooperative electric utilities, which are owned by the members they serve, are regulated by their members acting through democratically elected boards of directors. It is declared that member-regulation by a cooperative in the areas of rates, charges, accounting standards…
Mich. Comp. Laws § 460.34 Proposal by board of directors to become member-regulated; procedures.
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Sec. 4. To become member-regulated under this act, the board of directors shall comply with the following procedures: (a) A director may propose to become member-regulated at any properly convened meeting of the board of directors. The board may not act on the proposal until 90 d…