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Code · Michigan · Chapter 486 — Water and Power Companies

486.206 Board of directors; majority control.

55 words·~1 min read·/mi/chapter-486/486-206

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486.206 Board of directors; majority control.
Sec. 6.
A majority of the directors shall be a board for the transaction of business, and the acts of a majority of the board shall bind the corporation.
History: 1905, Act 283, Eff. Sept. 16, 1905 ;-- CL 1915, 8925 ;-- CL 1929, 11860 ;-- CL 1948, 486.206
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