Section 331.1210 Board of Trustees and Subsidiary Board; Quorum; Action by Vote of Majority.

MI Comp L § 331.1210 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 210.

A majority of the trustees serving on a board or subsidiary board shall constitute a quorum for the transaction of business of the corporation or subsidiary corporation, respectively. Except as otherwise specifically provided in this act, actions taken by a board of trustees or subsidiary board shall be by a vote of a majority of the members serving on the board or subsidiary board.

History: 1987, Act 230, Eff. Feb. 27, 1988