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Form a Business

Board of directors; members, election, qualifications.

MCL 486.204
in effect
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486.204. Board of directors; members, election, qualifications. Sec. 4. The business and property of such company shall be managed and directed by a board of not less than 3 nor more than 7 directors, who shall be elected annually, and at such time and place as the by-laws of said company may direct. No person shall be a director unless he is a stockholder in the corporation. 1905, Act 283, Eff. Sept. 16, 1905; CL 1915, 8923; CL 1929, 11858; CL 1948, 486.204
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-486-204Fetched: 10/20/2026

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