Section 485.108 - Directors; majority control.
RIVER IMPROVEMENT COMPANIES (EXCERPT)
Act 149 of 1869
485.108 Directors; majority control.
Sec. 8.
A majority of the directors shall be a board for the transaction of business, and the acts of a majority of the board shall bind the corporation.
History: 1869, Act 149, Imd. Eff. Apr. 5, 1869 ;-- CL 1871, 2723 ;-- How. 3852 ;-- CL 1897, 6728 ;-- CL 1915, 8829 ;-- CL 1929, 11764 ;-- CL 1948, 485.108