Mich. Comp. Laws § 455.59: Board of trustees; by-laws and orders, amendment, rescission.

Sec. 9.

Such board of trustees may from time to time make such orders and by-laws relating to the matters hereinbefore specified and to the business and property of the association as shall seem proper, and may amend the same from time to time, provided always that the same may be amended or rescinded by a majority vote at any annual meeting of the association.