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Code · Michigan · Chapter 486 — Water and Power Companies

486.56 Board of directors; majority control.

68 words·~1 min read·/mi/chapter-486/486-56

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486.56 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: 1883, Act 39, Imd. Eff. Apr. 21, 1883 ;-- How. 3895f ;-- CL 1897, 6794 ;-- CL 1915, 8894 ;-- CL 1929, 11829 ;-- CL 1948, 486.56
Popular Name: Water Company Act
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