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MI SB1019
Bill
AI Summary
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Modifies language in MCL 453.233 to use "individual" instead of "person" for clarity in describing stockholder eligibility requirements.
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Removes the cap of $25.00 on the amount individuals must pay into a local agricultural or horticultural society's treasury, allowing bylaws to determine the payment amount.
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Updates archaic statutory language by replacing "shall pay" with "pays" and "subscribe" with "subscribes" to modernize the statute.
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Maintains the requirement that individuals must be at least 18 years of age and subscribe to the articles of association to become stockholders or members with full privileges and immunities.
Legislative Description
Agriculture: associations and commissions; local agricultural or horticultural societies; modify stockholder requirements. Amends sec. 3 of 1855 PA 80 (MCL 453.233).
Agriculture: associations and commissions
Last Action
Placed On Order Of Third Reading With Substitute (s-1)
11/10/2022