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MICHIGAN STATUTES AND CODES
350-1980-3 - PART 3 (550.1301...550.1313)
- Section 550.1301 - Board of directors; powers and duties generally; appointment, qualifications, and terms of members; vacancy; officer or employee as voting or nonvoting director; method of selection
- Section 550.1302 - Bylaws generally.
- Section 550.1303 - Meetings; required provisions in bylaws; notice; waiver; participation by conference telephone or similar communications equipment; quorum; action by board; actions requiring majori
- Section 550.1304 - Books, records, and minutes; copy of minutes; disclosure, publication, and dissemination of minutes; compelling production of books or records.
- Section 550.1305 - Establishment and composition of corporate body; service of members on committees; membership on board of directors.
- Section 550.1306 - Effect of common directorship, officership, or interest on validity of contract or other transaction; burden of establishing validity of contract; exclusion of common or interested
- Section 550.1307 - Advisory councils; committees of board of directors; bylaws regarding membership and emergency meetings and actions.
- Section 550.1308 - Committees of board of directors; powers and authority; prohibited activities; emergency actions.
- Section 550.1309 - Officers and assistants; selection; restriction; authority and duties; removal; contractual rights; bond; vacancies; compensation; pension.
- Section 550.1310 - Fiduciary duties; scope and manner of discharge; removal of director for breach of fiduciary duty; notice and hearing.
- Section 550.1311 - Liability for misapplication or misuse of corporate money or property.
- Section 550.1312 - Action for failure to perform duties; commencement.
- Section 550.1313 - False statement as misdemeanor; liability for false statement or report; commencement of action for civil liability.
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