Section 454.203 - Builders and traders exchanges; articles, contents.
BUILDERS AND TRADERS EXCHANGES (EXCERPT)
Act 28 of 1891
454.203 Builders and traders exchanges; articles, contents.
Sec. 3.
The articles of association shall contain:
First, The names of the persons associating in the first instance and their places of residence;
Second, The name of such corporation, and the place where its office for the transaction of business is located, and the period for which it is incorporated, not exceeding 30 years;
Third, Definitely and distinctly the purposes for which the corporation is formed;
Fourth, The number of its directors, if any, and regular officers and the time and place of holding its annual meeting;
Fifth, The terms and conditions of membership therein.
History: 1891, Act 28, Imd. Eff. Apr. 15, 1891 ;-- CL 1897, 7462 ;-- CL 1915, 9834 ;-- CL 1929, 10301 ;-- CL 1948, 454.203