Sec. 4. The management and direction of the interests, affairs, and property of such association shall be vested in a board of directors of not less than 5, nor more than 20, of whom the officers of such association shall be ex-officio members of said board.
Mich. Comp. Laws § 457.64
Directors; powers; ex-officio members
1871, Act 99, Imd
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.