MCL - Section 485.109
Act 149 of 1869
485.109 Directors; president; treasurer; selection, vacancy.
Sec. 9.
The directors at their first meeting after their election, shall choose, by ballot, 1 of their number as president, and 1 as treasurer, and they shall supply any vacancy in the office of president or treasurer, whenever the same shall occur.
History: 1869, Act 149, Imd. Eff. Apr. 5, 1869
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CL 1871, 2724
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How. 3853
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CL 1897, 6729
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CL 1915, 8830
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CL 1929, 11765
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CL 1948, 485.109