485.108 Directors; majority control.
Sec. 8.
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: 1869, Act 149, Imd. Eff. Apr. 5, 1869 ;– CL 1871, 2723 ;– How. 3852 ;– CL 1897, 6728 ;– CL 1915, 8829 ;– CL 1929, 11764 ;– CL 1948, 485.108