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Form a Business

Board of directors; members, election, qualification.

MCL 486.104
in effect
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486.104. Board of directors; members, election, qualification. Sec. 4. The business and property of such company shall be managed and directed by a board of not less than 5 nor more than 7 directors, who shall be elected annually, and at such time and place as said by-laws may direct. No person shall be a director unless he is a stockholder in the corporation. 1887, Act 202, Imd. Eff. June 18, 1887; How. 3895u; CL 1897, 6809; CL 1915, 8907; CL 1929, 11842; CL 1948, 486.104
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-486-104Fetched: 10/20/2026

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