Sec. 6.
A majority of the directors shall be a board for the transaction of business, and the acts of a majority of the board shall bind the corporation.
History: 1883, Act 39, Imd. Eff. Apr. 21, 1883 ;-- How. 3895f ;-- CL 1897, 6794 ;-- CL 1915, 8894 ;-- CL 1929, 11829 ;-- CL 1948, 486.56 Popular Name: Water Company Act
Structure Michigan Compiled Laws
Chapter 486 - Water and Power Companies
Act 39 of 1883 - Water Power Companies (486.51 - 486.66)
Section 486.51 - Water Power and Supply Corporations; Incorporators; Powers.
Section 486.52 - Certificate; Contents; Recording and Filing.
Section 486.53 - Body Corporate; Governing Laws.
Section 486.54 - Board of Directors; Members, Election, Qualification.
Section 486.55 - Board of Directors; Election, Notice.
Section 486.56 - Board of Directors; Majority Control.
Section 486.57 - Capital Stock; Subscriptions; Increase, Procedure.
Section 486.59 - Corporate Powers; Liabilities and Restrictions.
Section 486.60 - Power to Construct Railroads, Telegraph and Telephone Lines; Holding of Realty.
Section 486.61 - Furnishing and Use of Water; Rent, Collection.
Section 486.62 - Injury to Stream or Property; Misdemeanor, Penalty.
Section 486.63 - Board of Directors; Annual Report, Contents.
Section 486.65 - Stockholder's Liability; Recovery Prerequisites.