2006 Michigan Compiled Laws - Mich. Comp. Laws § 486.104 Board of directors; members, election, qualification.
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Act 202 of 1887 486.104 Board of directors; members, election, qualification. 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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