MCL - Section 457.64
Act 99 of 1871
457.64 Directors; powers; ex-officio members.
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.
History: 1871, Act 99, Imd. Eff. Apr. 13, 1871
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CL 1871, 3128
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How. 4607
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CL 1897, 7852
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CL 1915, 10288
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CL 1929, 10570
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CL 1948, 457.64