MCL - Section 486.206

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Chapter 486
Act 283 of 1905
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WATER POWER COMPANIES (EXCERPT)
Act 283 of 1905


486.206 Board of directors; majority control.

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: 1905, Act 283, Eff. Sept. 16, 1905 ;-- CL 1915, 8925 ;-- CL 1929, 11860 ;-- CL 1948, 486.206