Board of Directors; Majority Control.

  1. Law
  2. Michigan Compiled Laws
  3. Water and Power Companies
  4. 202 of 1887 - Water Power Companies (486.101 - 486.116)
  5. Board of Directors; Majority Control.

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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: 1887, Act 202, Imd. Eff. June 18, 1887 ;-- How. 3895w ;-- CL 1897, 6811 ;-- CL 1915, 8909 ;-- CL 1929, 11844 ;-- CL 1948, 486.106


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