Sec. 154.
Same; vacancy; among trustees, filling. In any case where the trust instrument fails to provide for the filling of vacancies among the trustees due to death, disability, resignation or other cause, and such vacancy occurs, the remaining trustees may apply to the circuit court in chancery of the county where the registered office of such corporation is located, for the appointment of some suitable and competent person to fill such vacancy, and the circuit judge thereof may, upon such ex parte or other showing as he may require, make such appointment by an appropriate order, and the person so appointed shall, upon filing his written acceptance as such trustee, be and become a trustee of such corporation with the same powers as those originally appointed. A certified copy of every such order shall be forthwith filed in the same manner as provided for original articles.
History: 1931, Act 327, Eff. Sept. 18, 1931 ;-- CL 1948, 450.154 Compiler's Notes: The catchline following the act section number was incorporated as part of the section when the act was enacted.Former Law: See section 7 of Ch. I of Part IV of Act 84 of 1921, being CL 1929, § 10083.
Structure Michigan Compiled Laws
Act 327 of 1931 - Michigan General Corporation Statute (450.1 - 450.192)
Section 450.62-450.64 - Repealed. 1982, Act 162, Eff. Jan. 1, 1983.
Section 450.65-450.80 - Repealed. 1972, Act 284, Eff. Jan. 1, 1973.
Section 450.81 - Repealed. 1982, Act 162, Eff. Jan. 1, 1983.
Section 450.82-450.91a - Repealed. 1972, Act 284, Eff. Jan. 1, 1973.
Section 450.92 - Repealed. 1982, Act 162, Eff. Jan. 1, 1983.
Section 450.93-450.97 - Repealed. 1974, Act 140, Imd. Eff. June 5, 1974.
Section 450.100 - Cooperative Corporations; Shares of Stock, Contents.
Section 450.102 - Cooperative Corporations; Membership, Regulations.
Section 450.103 - Cooperative Corporations; Amendments to Articles.
Section 450.104 - Cooperative Corporations; Reserve Funds, Investment; Shareholders, Vote.
Section 450.105 - Cooperative Corporations; Purchase of Business; Payment, Methods.
Section 450.107 - Cooperative Corporations; Surplus Earnings, Distribution; Failure, Penalty.
Section 450.108 - Cooperative Corporations; Dealing in Commodities; Contracts, Agreements.
Section 450.109 - Cooperative Corporations; Breach of Contract; Encouragement Prohibited; Penalty.
Section 450.117-450.132a - Repealed. 1982, Act 162, Eff. Jan. 1, 1983.
Section 450.133 - Incorporation of Fraternal or Secret Societies; Parent Lodge.
Section 450.134 - Parent Corporations; Articles of Incorporation.
Section 450.135 - Parent Corporations; Ritual, Rules; Subordinate Lodges, Chartering.
Section 450.136 - Parent Corporations; Supervision, Subordinate Lodge.
Section 450.137 - Parent Corporations; Management, Secretary.
Section 450.138 - Parent Corporations; Name, Regulations.
Section 450.139 - Parent Corporations; Powers as to Property.
Section 450.140 - Parent Corporations; Government, Representative Form; First Annual Meeting.
Section 450.141 - Parent Corporations; Annual Meeting, Powers.
Section 450.142 - Local Lodges; Purpose.
Section 450.143 - Local Lodges; Articles of Incorporation.
Section 450.144 - Local Lodges; Powers as to Property; Parent Corporation, Supervision.
Section 450.145 - Local Lodges; Officers, Representatives.
Section 450.146 - Parent or Local Lodges; Powers of Non-Profit Corporation.
Section 450.147 - Parent or Local Lodges; Relief Funds, Raising, Payment From Treasury.
Section 450.148 - Trustee Corporations; Definition.
Section 450.149 - Trustee Corporations; Trustees, Vesting of Property; Trust Instrument, Definition.
Section 450.150 - Trustee Corporations; Articles of Incorporation.
Section 450.151 - Trustee Corporations; Officers.
Section 450.152 - Trustee Corporations; Powers as to Property.
Section 450.153 - Trustee Corporations; Property and Funds, Use, Investments.
Section 450.154 - Trustee Corporations; Trustees, Vacancy, Filling.
Section 450.155 - Trustee Corporations; Circuit Courts, Petition; Jurisdiction of Court.
Section 450.156 - Trustee Corporations; Act Amendment of Trustee Agreement.
Section 450.158 - Trustee Corporations; Hospital, Asylum, Charitable Institution; Gifts, Acceptance.
Section 450.160 - Church Trustee Corporations; Trustees, Vacancy, Filling.
Section 450.161 - Church Trustee Corporations; Powers as to Property.
Section 450.162 - Church Trustee Corporations; Investment, Powers, Certificate.
Section 450.163-450.167 - Repealed. 1982, Act 162, Eff. Jan. 1, 1983.
Section 450.168 - Repealed. 1982, Act 162, Eff. Jan. 1, 1983.
Section 450.169 - Corporations to Provide Student Aid.
Section 450.170 - Educational Corporations; Incorporation.
Section 450.172 - Educational Foundations; Colleges, Establishment.
Section 450.173 - Educational Foundations; Articles of Incorporation, Contents, Amendment.
Section 450.174 - Educational Foundations; Property, Acceptance; Government.
Section 450.175 - Educational Foundations; Board of Directors, Trustees; Powers.
Section 450.178 - Ecclesiastical Corporations; Incorporation; Purpose.
Section 450.179 - Ecclesiastical Corporations; Articles of Incorporation.
Section 450.181 - Ecclesiastical Corporations; By-Laws.
Section 450.182 - Ecclesiastical Corporations; Articles, Amendment Procedure.
Section 450.183 - Ecclesiastical Corporations; Powers as to Property.
Section 450.184 - Ecclesiastical Corporations; Gifts, Acceptance, Investment.
Section 450.184a - Organization and Operation of Religious College by Ecclesiastical Corporation.
Section 450.185 - Ecclesiastical Corporations; Powers of Church Unrestricted.
Section 450.186 - Ecclesiastical Corporations; Sunday School, Religious Society; Incorporation.
Section 450.187 - Repealed. 1965, Act 161, Imd. Eff. July 15, 1965.
Section 450.187a - Repealed. 1970, Act 66, Imd. Eff. July 10, 1970.
Section 450.187b - Repealed. 1972, Act 284, Eff. Jan. 1, 1973.
Section 450.188, 450.189 - Repealed. 1982, Act 162, Eff. Jan. 1, 1983.
Section 450.190 - Catchline Headings of Sections Not Part of Act.