{"data":{"id":"us-mi/mich.-comp.-laws-485.207","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 485.207","heading":"Directors; powers, election, term, officers, selection, term.","body":"Sec. 7.\n\nThe business and property of said company shall be managed by a board of directors of not less than 3 nor more than 9 directors, who, after the first year, shall be elected annually as the by-laws of said company shall direct; and public notice shall be given of the time and place of holding such election as the by-laws of said company may direct. Such board of directors, when elected, shall choose from their number a president, secretary and treasurer, who shall hold their respective offices for the term of 1 year, and such board of directors may appoint such other officers and agents as their articles of association or their by-laws may require, who shall hold their respective offices during the pleasure of the directors.","path":["MI Code","Chapter 485","Act Act-91-of-1887"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-485-207","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"4bf244a5bdf56691cf8233b5340379614c6cdcd45c114c1cf1ef81955f781637","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-485.206","next":"us-mi/mich.-comp.-laws-485.208"},"notice":"GroundRules: Original legal text. Not legal advice."}