Section 450.140 - Parent corporations; government, representative form; first annual meeting.
MICHIGAN GENERAL CORPORATION ACT (EXCERPT)
Act 327 of 1931
450.140 Parent corporations; government, representative form; first annual meeting.
Sec. 140.
Same; representative form of government; first annual meeting. Every such parent corporation shall adopt a representative form of government, under which form the subordinate lodges shall elect or appoint representatives to attend the annual or other convention, conclave or meeting of the parent corporation, by whatsoever name such meeting shall be known, and at which annual meeting the officers and committees of such parent or state society shall be elected by a majority vote of such representatives. The first annual meeting shall be held at a time and place to be fixed by the executive committee of the parent corporation; and thereafter such time and place shall be fixed by the convention itself.
History: 1931, Act 327, Eff. Sept. 18, 1931 ;-- CL 1948, 450.140
Compiler's Notes: The catchline following the act section number was incorporated as part of the section when the act was enacted.
Former Law: See section 8 of Ch. II of Part III of Act 84 of 1921, being CL 1929, § 10069.