Sec. 7.
Every such corporation shall have power to provide by its by-laws for succession to its original membership and for new membership; and shall also have power to provide by its by-laws for the election from its stockholders of a board of trustees, and to fix the number and term of office of such trustees. But such board of trustees shall not be less than 5 and such term of office shall not exceed 3 years. Such board of trustees shall consist of an equal number from each subordinate chartered lodge of Knights of Pythias owning and holding shares of stock in said corporation as a lodge and situated in the town or city where the property of said corporation is located.
History: 1905, Act 85, Imd. Eff. May 3, 1905 ;-- CL 1915, 10477 ;-- CL 1929, 10680 ;-- CL 1948, 457.367
Structure Michigan Compiled Laws
Chapter 457 - Fraternal Associations
Act 85 of 1905 - Knights of Pythias Associations (457.361 - 457.371)
Section 457.361 - Knights of Pythias Associations; Incorporation.
Section 457.362 - Articles of Association; Execution, Contents.
Section 457.364 - Powers of Corporation; Property, Holding, Disposition.
Section 457.365 - Shares of Stock; Ownership.
Section 457.366 - Shares of Stock; By-Laws.
Section 457.367 - Membership; Trustees, Election, Term, Qualification.
Section 457.368 - Powers of Trustees; Appointment of Officers; By-Laws and Rules.
Section 457.369 - First Board of Trustees; Trustee Eligibility.