2021 Michigan Compiled Laws
Chapter 450 - Corporations
Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)
284-1972-5 - Chapter 5 Directors and Officers (450.1501...450.1571)
Section 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.
History: 1972, Act 284, Eff. Jan. 1, 1973