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Michigan Compiled Laws, Chapter 486. Water and Power Companies § 486.54

Current as of January 01, 2025 | Updated by Findlaw Staff

Sec. 4. The business and property of such company shall be managed and directed by a board of not less than 5 nor more than 7 directors, who shall be elected annually and at such time and place as said by-laws may direct. No person shall be a director unless he is a stockholder in the corporation.

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Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 486. Water and Power Companies § 486.54 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-486-water-and-power-companies/mi-comp-laws-486-54/

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