Mich. Admin. Code R. 400.244
Current through Vol. 24-10, June 15, 2024
Rule 244. No organization, institution, association, or corporation, regardless of its statement of purpose, shall be considered as formed for a charitable purpose where more than 1/3 of the members of the board of directors or trustees consists of persons who either are receiving remuneration from the organization, institution, association, or corporation or have spouses, parents, or children so receiving.
Mich. Admin. Code R. 400.244