457.276 Membership; election of officers and trustees; terms. Sec. 6. Every such corporation shall elect annually a president, vice president and secretary and shall have power to provide by its by-laws for succession to its original membership and for new membership; and shall provide by its by-laws for election from its members of a board of trustees, and shall fix the number and term of office of such trustees: Provided, Such board shall consist of not less than 5 in number and such term of office shall not exceed 3 years. History: 1909, Act 35, Eff. Sept. 1, 1909 ;-- CL 1915, 10439 ;-- CL 1929, 10640 ;-- CL 1948, 457.276
Michigan Legal Code