Sec. 223.
Before or after filing of the articles of incorporation a majority of the incorporators, at a meeting or by written instrument, shall select a board and may adopt bylaws. On or after the filing date of the articles any member of the board may call the first meeting of the board upon not less than 3 days notice by mail to each director. A majority of the directors constitutes a quorum for the first meeting of the board. At the first meeting, the board may adopt bylaws, elect officers and transact such other business as may come before the meeting.
History: 1972, Act 284, Eff. Jan. 1, 1973
Structure Michigan Compiled Laws
Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)
284-1972-2 - Chapter 2 Formation; Purposes and Powers (450.1201...450.1275)
Section 450.1201 - Incorporators.
Section 450.1202 - Articles of Incorporation; Contents.
Section 450.1209 - Articles of Incorporation; Permissible Provisions.
Section 450.1211 - Corporate Name; Required Words and Abbreviations.
Section 450.1215 - Corporate Name; Reservation of Right to Use; Transfer of Right.
Section 450.1217 - Transacting Business Under Assumed Name; Certificate.
Section 450.1221 - Beginning of Corporate Existence; Filing of Articles as Evidence.
Section 450.1231 - Adoption, Amendment, or Repeal of Bylaws; Contents of Bylaws.
Section 450.1241 - Registered Office and Resident Agent Required; Address.
Section 450.1243 - Resignation of Resident Agent.
Section 450.1246 - Service of Process.
Section 450.1261 - Corporate Powers.
Section 450.1271 - Asserting Lack of Corporate Capacity or Power.
Section 450.1275 - Agreement to Pay Interest in Excess of Legal Rate; Defense of Usury Prohibited.