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8 chapters · 103 sections in this title.
Mich. Comp. Laws § 455.1 Summer resort and park associations; incorporation, purpose.
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Sec. 1. That any number of persons, not less than 5, desiring to form a corporation for the purpose of owning, maintaining and improving lands and other property for the purposes of a summer resort or a park for ornament, recreation or amusement, in any city, village or township …
Mich. Comp. Laws § 455.10 Board of directors; powers.
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Sec. 10. (1) The board of directors of the corporation shall manage and control the stock, business, finances, rights and interests, buildings, and real and personal property of the corporation. (2) The board of directors of the corporation has jurisdiction over the real property…
Mich. Comp. Laws § 455.11 Board of directors; officers and employees, selection, removal, terms.
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Sec. 11. The directors shall choose from their number, by ballot or otherwise, a president, secretary, and treasurer, and the latter 2 offices may be held by the same person, and shall have power to appoint and employ such other subordinate officers, agents, servants or employes …
Mich. Comp. Laws § 455.12 By-laws and rules; amendment.
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Sec. 12. The stockholders shall have the power to make such reasonable by-laws not inconsistent with the laws of this state, or of the United States, as they shall deem proper for the management, control and disposition of the property, affairs and concerns of said corporation an…