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Current as of January 01, 2025 | Updated by Findlaw Staff
Sec. 3. (1) A registered distance learning corporation is subject to the laws of this state applicable to nonprofit corporations, except as provided in this act.
(2) A registered distance learning corporation is a charitable and benevolent institution, and its funds and property are exempt from taxation by this state or any political subdivision of this state.
(3) A corporation shall not act as a registered distance learning corporation except as authorized by and pursuant to a registration issued by the director under this act.
Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 390. Universities and Colleges § 390.1573 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-390-universities-and-colleges/mi-comp-laws-390-1573/
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