486.106 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: 1887, Act 202, Imd. Eff. June 18, 1887 ;– How. 3895w ;– CL 1897, 6811 ;– CL 1915, 8909 ;– CL 1929, 11844 ;– CL 1948, 486.106