Agriculture: marketing; length of time a cooperative may hold the funds of its members; limit. Amends sec. 4 of 1972 PA 344 (MCL 290.704).

This bill amends the Michigan Agricultural Marketing and Bargaining Act to limit the amount of time agricultural cooperatives can hold their members' funds. Specifically, it prohibits associations from retaining member money for more than 10 years after receiving it. The legislation also includes a provision that gives cooperatives currently in violation of this rule two years to return the funds to their members once the law takes effect. By updating this section, the bill aims to ensure that member funds are not held indefinitely without being distributed or processed.