Section 486.206 - Board of directors; majority control.
WATER POWER COMPANIES (EXCERPT)
Act 283 of 1905
486.206 Board of directors; majority control.
Sec. 6.
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: 1905, Act 283, Eff. Sept. 16, 1905 ;-- CL 1915, 8925 ;-- CL 1929, 11860 ;-- CL 1948, 486.206