Board of Directors; Majority Control.

  1. Law
  2. Michigan Compiled Laws
  3. Water and Power Companies
  4. 39 of 1883 - Water Power Companies (486.51 - 486.66)
  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: 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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