Mich. Comp. Laws § 486.104

Current through Public Act 171 of the 2024 Legislative Session

Section 486.104 - Board of directors; members, election, qualification

The business and property of such company shall be managed and directed by a board of not less than 5 nor more than 7 directors, who shall be elected annually, and at such time and place as said by-laws may direct. No person shall be a director unless he is a stockholder in the corporation.

MCL 486.104

1887, Act 202, Imd. Eff. 6/18/1887 ;--How. 3895u ;--CL 1897, 6809 ;--CL 1915, 8907 ;--CL 1929, 11842 ;--CL 1948, 486.104.