{"data":{"id":"us-mi/mich.-comp.-laws-486.16","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 486.16","heading":"Contracts made by board of directors.","body":"Sec. 16.\n\nThe said board of directors shall have power to make all necessary contracts in the name of the corporation to carry out the duties imposed upon them by this act, which contract shall be signed by the president of the board, if in writing, in the corporate name thereof.","path":["MI Code","Chapter 486","Act Act-232-of-1863"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-486-16","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"091d312cee763f25a1770ae0ac640f4ac6ee88d036153ead58f06625147fa775","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-486.15","next":"us-mi/mich.-comp.-laws-486.17"},"notice":"GroundRules: Original legal text. Not legal advice."}