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Form a Business

Directors; powers, election, term, officers, selection, term.

MCL 485.207
in effect
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485.207. Directors; powers, election, term, officers, selection, term. Sec. 7. The business and property of said company shall be managed by a board of directors of not less than 3 nor more than 9 directors, who, after the first year, shall be elected annually as the by-laws of said company shall direct; and public notice shall be given of the time and place of holding such election as the by-laws of said company may direct. Such board of directors, when elected, shall choose from their number a president, secretary and treasurer, who shall hold their respective offices for the term of 1 year, and such board of directors may appoint such other officers and agents as their articles of association or their by-laws may require, who shall hold their respective offices during the pleasure of the directors. 1887, Act 91, Imd. Eff. Apr. 26, 1887; How. 3873g; CL 1897, 6756; CL 1915, 8856; CL 1929, 11791; CL 1948, 485.207
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-485-207Fetched: 10/20/2026

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