Mich. Comp. Laws § 486.204
Current through Public Act 57 of the 2024 Legislative Session
The business and property of such company shall be managed and directed by a board of not less than 3 nor more than 7 directors, who shall be elected annually, and at such time and place as the by-laws of said company may direct. No person shall be a director unless he is a stockholder in the corporation.
MCL 486.204