Mich. Comp. Laws § 486.16

Current through Public Act 57 of the 2024 Legislative Session

Section 486.16 - Contracts made by board of directors

The said board of directors shall have power to make all necessary contracts in the name of the corporation to carry out the duties imposed upon them by this act, which contract shall be signed by the president of the board, if in writing, in the corporate name thereof.

MCL 486.16

1863, Act 232, Eff. 6/22/1863 ;--Am. 1871, Act 90, Imd. Eff. 4/12/1871 ;--CL 1871, 2760 ;--How. 3889 ;--CL 1897, 6782 ;--CL 1915, 8882 ;--CL 1929, 11817 ;--CL 1948, 486.16.