Section 450.2553 - Presence or absence of director at meeting at which action referred to in MCL 450.2551 taken; presumption; dissent. - Michigan Statutes

NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982

450.2553 Presence or absence of director at meeting at which action referred to in MCL 450.2551 taken; presumption; dissent.

Sec. 553.

A director who is present at a meeting of the board, or a committee thereof of which the director is a member, at which action on a corporate matter referred to in section 551 is taken, is presumed to have concurred in that action unless a dissent is entered in the minutes of the meeting or unless the director files a written dissent to the action with the person acting as secretary of the meeting before or promptly after the adjournment thereof. The right to dissent does not apply to a director who voted in favor of the action. A director who is absent from a meeting of the board, or a committee thereof of which the director is a member, at which any such action is taken is presumed to have concurred in the action unless the director files a dissent with the secretary of the corporation within a reasonable time after obtaining knowledge of the action.

History: 1982, Act 162, Eff. Jan. 1, 1983