2018 Michigan Compiled Laws
Chapter 450 - Corporations
Act 327 of 1931 MICHIGAN GENERAL CORPORATION STATUTE (450.1 - 450.192)
Section 450.175 Educational foundations; board of directors, trustees; powers.
Sec. 175.
Same; powers of board of directors or trustees. The control of the business and secular affairs of every such educational corporation shall be vested in a board of directors or trustees. Such board shall also have exclusive control over the educational affairs and policy of such institution, and as such may:
First, Appoint, employ and pay the salary of a president, or principal, and such professors, tutors, assistants, and employees, as the board shall determine necessary;
Second, Direct and prescribe the course or courses of study and the rules of discipline for such institution, and enforce the same; and prescribe the tuition and other fees to be paid by students attending such institution;
Third, Grant such diplomas, certificates of graduation, or honors and degrees, as the nature of the institution may warrant, or as contemplated in the articles;
Fourth, Delegate to the president or principal, and the various professors and tutors, such authority over the educational affairs of the institution as the board may deem advisable;
Fifth, Co-operate with other schools, colleges and educational institutions within this country in promoting the best interests of education.
History: 1931, Act 327, Eff. Sept. 18, 1931 ;-- CL 1948, 450.175
Former Law: See section 6 of Ch. II of Part IV of Act 84 of 1921, being CL 1929, § 10106.