2006 Michigan Compiled Laws - Mich. Comp. Laws § 450.1527 Committees; designation by board; membership; absence or disqualification of member; terms.
|
Act 284 of 1972 450.1527 Committees; designation by board; membership; absence or disqualification of member; terms. Sec. 527. (1) Unless otherwise provided in the articles of incorporation or bylaws, the board may designate 1 or more committees, each committee to consist of 1 or more of the directors of the corporation. The board may designate 1 or more directors as alternate members of a committee, who may replace an absent or disqualified member at a meeting of the committee. The bylaws may provide that in the absence or disqualification of a member of a committee, the members thereof present at a meeting and not disqualified from voting, whether or not they constitute a quorum, may unanimously appoint another member of the board to act at the meeting in place of such an absent or disqualified member. (2) A committee, and each member thereof, shall serve at the pleasure of the board.
|
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
