STATE STATUTES & CODES
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
MICHIGAN STATUTES AND CODES
Section 457.205 - Board of trustees; election, quorum; officers, appointment, duties.
Act 145 of 1865
457.205 Board of trustees; election, quorum; officers, appointment, duties.
Sec. 5.
The stockholders, each of whom shall be entitled to 1 vote for each share of stock held by him, may elect from their number a board of trustees of not less than 6 nor more than 15 members, a majority of whom shall constitute a quorum, and the trustees shall appoint from their own number a president, secretary and treasurer, who shall perform the duties of their respective offices in accordance with the rules and regulations which may be prescribed by the board of trustees.
History: 1865, Act 145, Imd. Eff. Mar. 10, 1865 ;-- Am. 1867, Act 180, Imd. Eff. Mar. 27, 1867 ;-- CL 1871, 3221 ;-- How. 4476 ;-- Am. 1893, Act 33, Imd. Eff. Apr. 14, 1893 ;-- CL 1897, 7965 ;-- CL 1915, 10402 ;-- CL 1929, 10603 ;-- CL 1948, 457.205