2014 Michigan Compiled Laws
Chapter 450 - CORPORATIONS
Act 162 of 1982 NONPROFIT CORPORATION ACT (450.2101 - 450.3192)
162-1982-5 CHAPTER 5 (450.2501...450.2569)
Section 450.2523 Quorum; vote constituting action of board or committee; amendment of bylaws.
NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982
450.2523 Quorum; vote constituting action of board or committee; amendment of bylaws.
Sec. 523.
A majority of the members of the board then in office, or of the members of a committee thereof, constitutes a quorum for the transaction of business, provided that the articles of incorporation or bylaws may provide for a larger number, and provided further that in any corporation where there are more than 7 directors, the articles of incorporation or bylaws may provide that less than a majority, but in no event less than 1/3 of the directors, may constitute a quorum of the board. The vote of the majority of members present at a meeting at which a quorum is present constitutes the action of the board or of the committee, unless the vote of a larger number is required by this act, the articles, or the bylaws. Amendment of the bylaws by the board requires the vote of not less than a majority of the members of the board then in office.
History: 1982, Act 162, Eff. Jan. 1, 1983
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