Sec. 10. The board of trustees shall have the management and control of all the business and all the property, real and personal, of the corporation and shall represent the corporation, with full power of authority to act for it in all things legal whatsoever, and subject only to restrictions or limitations imposed by the by-laws of the corporation and any special restriction or limitation imposed by a vote of the members at any annual or regularly called special meeting. The time and manner of special meeting shall be provided for in the by-laws.
Mich. Comp. Laws § 455.210
Board of trustees; powers
Applied in 1 court decision — leading case 393 F. Supp. 2d 578 - Bates v. Colony Park Ass'n (2005)
Most recently applied in 393 F. Supp. 2d 578 - Bates v. Colony Park Ass'n (September 2005)
1929, Act 137, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.