{"data":{"id":"us-mi/mich.-comp.-laws-450.1501","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 450.1501","heading":"Management of corporation; qualifications of director.","body":"Sec. 501.\n\nThe business and affairs of a corporation shall be managed by or under the direction of its board, except as otherwise provided in this act or in its articles of incorporation. A director need not be a shareholder of the corporation unless the articles or bylaws so require. The articles or bylaws may prescribe qualifications for directors.","path":["MI Code","Chapter 450","Act Act-284-of-1972"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-450-1501","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"8db069da09984475ab44fd325dad2f3849267d45dfa58f5804c2ea6caf7d6cfd","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-450.1497","next":"us-mi/mich.-comp.-laws-450.1505"},"notice":"GroundRules: Original legal text. Not legal advice."}