458.54 Trustees; evidence of authority. Sec. 14. It is further provided that the execution by the acting trustees of said corporation, in proper form, of any deed, mortgage, note, bond, or other obligation or contract of said corporation, shall be prima facie evidence of the proper appointment of said trustees, and that the necessary steps have been taken to give them full authority to make such transaction. History: 1905, Act 27, Imd. Eff. Mar. 22, 1905 ;-- CL 1915, 11057 ;-- CL 1929, 10872 ;-- CL 1948, 458.54
Michigan Legal Code