331.1210 Board of trustees and subsidiary board; quorum; action by vote of majority.
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331.1210 Board of trustees and subsidiary board; quorum; action by vote of majority.
Sec. 210.
A majority of the trustees serving on a board or subsidiary board shall constitute a quorum for the transaction of business of the corporation or subsidiary corporation, respectively. Except as otherwise specifically provided in this act, actions taken by a board of trustees or subsidiary board shall be by a vote of a majority of the members serving on the board or subsidiary board.
History: 1987, Act 230, Eff. Feb. 27, 1988