457.455 Control of property and business. Sec. 5. The management, direction and control of the property and business of such corporations shall be vested in such of its officers and persons as a majority of the members present and acting thereon shall from time to time determine. History: 1881, Act 143, Imd. Eff. May 11, 1881 ;-- How. 4577 ;-- CL 1897, 8030 ;-- CL 1915, 10502 ;-- CL 1929, 10707 ;-- CL 1948, 457.455
Michigan Legal Code