Sec. 521.
(1) Regular or special meetings of a board may be held either in or outside this state.
(2) A regular meeting may be held with or without notice as prescribed in the bylaws. A special meeting shall be held upon notice as prescribed in the bylaws. A director's attendance at or participation in a meeting waives any required notice to him or her of the meeting unless he or she at the beginning of the meeting, or upon his or her arrival, objects to the meeting or the transacting of business at the meeting and does not thereafter vote for or assent to any action taken at the meeting. Unless required by the bylaws, neither the business to be transacted at, nor the purpose of, a regular or special meeting need be specified in the notice or waiver of notice of the meeting.
(3) Unless otherwise restricted by the articles of incorporation or bylaws, a member of the board or of a committee designated by the board may participate in a meeting by means of conference telephone or other means of remote communication through which all persons participating in the meeting can communicate with the other participants. Participation in a meeting pursuant to this subsection constitutes presence in person at the meeting.
History: 1972, Act 284, Eff. Jan. 1, 1973 ;-- Am. 1989, Act 121, Eff. Oct. 1, 1989 ;-- Am. 2001, Act 57, Imd. Eff. July 23, 2001
Structure Michigan Compiled Laws
Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)
284-1972-5 - Chapter 5 Directors and Officers (450.1501...450.1571)
Section 450.1501 - Management of Corporation; Qualifications of Director.
Section 450.1511 - Removal of Directors by Shareholders.
Section 450.1514 - Removal of Director by Court.
Section 450.1515 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1515a - Filling Vacancy in Board.
Section 450.1521 - Regular or Special Meetings of Board.
Section 450.1523 - Quorum; Majority Vote as Constituting Action of Board.
Section 450.1525 - Consent to Action of Board Without Meeting.
Section 450.1528 - Committees; Powers and Authority; Limitations; Subcommittees.
Section 450.1529 - Submission of Matter to Shareholder Vote.
Section 450.1535 - Removal or Resignation of Officers; Contract Rights.
Section 450.1541 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1545 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1545a - Interest of Director or Officer in Transaction; Compensation of Directors.
Section 450.1546 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1548 - Loan, Guaranty, or Assistance by Corporation to Director, Officer, or Employee.
Section 450.1553 - Presumption of Concurrence by Director in Corporation Action; Effect of Dissent.
Section 450.1554 - Action Against Director or Shareholder; Limitation.
Section 450.1561 - Indemnification of Certain Persons Generally.
Section 450.1562 - Additional Provisions for Indemnification of Certain Persons.
Section 450.1563 - Indemnification Against Actual and Reasonable Expenses.
Section 450.1564 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1564c - Application for Indemnification to Court; Determination.