Directors; Majority Control.

  1. Law
  2. Michigan Compiled Laws
  3. Canal, Harbor, and River Improvement Companies
  4. 149 of 1869 - River Improvement Companies (485.101 - 485.129)
  5. Directors; Majority Control.

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Sec. 8.

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: 1869, Act 149, Imd. Eff. Apr. 5, 1869 ;-- CL 1871, 2723 ;-- How. 3852 ;-- CL 1897, 6728 ;-- CL 1915, 8829 ;-- CL 1929, 11764 ;-- CL 1948, 485.108


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