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Current as of January 01, 2025 | Updated by Findlaw Staff
Sec. 5. The affairs of such association shall be managed by not less than 5, nor more than 9 trustees to be chosen by the members thereof and to hold office for 1 year and until their successors shall be chosen; a treasurer shall be appointed from the number of trustees, and the other regular officers shall be members of the association. A majority of the trustees shall be a quorum to transact business, and they may adopt such by-laws not repugnant to this act or to such articles of association as they may see fit and change the same at pleasure.
Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 454. Trade and Labor Associations § 454.5 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-454-trade-and-labor-associations/mi-comp-laws-454-5/
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