SB 1210·MI·senate
Agriculture: marketing; length of time a cooperative may hold the funds of its members; limit. Amends sec. 9 of 1965 PA 232 (MCL 290.659).
In CommitteeFiled Oct 14, 2026
Sponsor: Ed McBroom (R)
Latest Action
REFERRED TO COMMITTEE ON NATURAL RESOURCES AND AGRICULTURE
Oct 14, 2026
Summary
The Senate bill modifies Section 9 of the 1965 Public Act 232, which sets a time limit for cooperatives to retain members' money. It would affect agricultural cooperatives and their members by adjusting that limit. The change aims to update the rules governing cooperative fund handling.
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