Section 450.2521 - Regular or special meetings of board; location; notice; waiver; participation by means of conference telephone or other remote communication.
NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982
450.2521 Regular or special meetings of board; location; notice; waiver; participation by means of conference telephone or other remote communication.
Sec. 521.
(1) Regular or special meetings of a board may be held either in or outside of this state.
(2) A regular meeting may be held with or without notice as prescribed in the bylaws. A special meeting shall be held upon notice as prescribed in the bylaws. Attendance of a director at a meeting constitutes a waiver of notice of the meeting, except where a director attends a meeting for the express purpose of objecting to the transaction of any business because the meeting is not lawfully called or convened. Neither the business to be transacted at, nor the purpose of, a regular or special meeting need be specified in the notice or waiver of notice of the meeting unless required by the bylaws.
(3) Unless otherwise restricted by the articles of incorporation or bylaws, a member of the board or of a committee designated by the board may participate in a meeting by means of conference telephone or other means of remote communication by which all persons participating in the meeting can communicate with each other. Participation in a meeting pursuant to this subsection constitutes presence in person at the meeting.
History: 1982, Act 162, Eff. Jan. 1, 1983 ;-- Am. 2008, Act 9, Imd. Eff. Feb. 29, 2008