Michigan SB1210 limits how long a cooperative can hold funds from member assessments to 10 years.

Michigan SB1210 amends the state's agricultural marketing laws to set a 10-year limit on how long a cooperative can hold funds collected from its members. After this period, the funds must be refunded to the members. The bill also allows for the funds to be carried over to subsequent marketing seasons if needed, but only if the cooperative is operating within the 10-year limit. If the cooperative fails to comply, it must refund the funds to the members.

Michigan SB1210 limits how long a cooperative can hold funds from member assessments to 10 years.

Michigan SB1210 amends the state's agricultural marketing laws to set a 10-year limit on how long a cooperative can hold funds collected from its members. After this period, the funds must be refunded to the members. The bill also allows for the funds to be carried over to subsequent marketing seasons if needed, but only if the cooperative is operating within the 10-year limit. If the cooperative fails to comply, it must refund the funds to the members.