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Current as of January 01, 2025 | Updated by Findlaw Staff
Sec. 5. The stockholders, each of whom shall be entitled to 1 vote for each share of stock held by him, may elect from their number a board of trustees of not less than 6 nor more than 15 members, a majority of whom shall constitute a quorum, and the trustees shall appoint from their own number a president, secretary and treasurer, who shall perform the duties of their respective offices in accordance with the rules and regulations which may be prescribed by the board of trustees.
Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 457. Fraternal Associations § 457.205 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-457-fraternal-associations/mi-comp-laws-457-205/
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