Sec. 4.
The officers and directors in office shall continue in office until the annual meeting for the election of officers next following such re-organization, and until new officers and directors shall be elected, and no other meeting or notice shall be necessary to complete such re-organization: Provided, That when new officers and directors shall be elected, they shall consist of the number of officers and directors required by such articles of re-organization.
History: 1889, Act 155, Imd. Eff. June 18, 1889 ;-- How. 2312d ;-- CL 1897, 5966 ;-- CL 1915, 7844 ;-- CL 1929, 10231 ;-- CL 1948, 453.284
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