{"data":{"id":"us-mi/mich.-comp.-laws-486.204","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 486.204","heading":"Board of directors; members, election, qualifications.","body":"Sec. 4.\n\nThe business and property of such company shall be managed and directed by a board of not less than 3 nor more than 7 directors, who shall be elected annually, and at such time and place as the by-laws of said company may direct. No person shall be a director unless he is a stockholder in the corporation.","path":["MI Code","Chapter 486","Act Act-283-of-1905"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-486-204","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"1b317e4a762088da5b326526bb6afb258ee222d28478e670244cd897e84decb4","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-486.203","next":"us-mi/mich.-comp.-laws-486.205"},"notice":"GroundRules: Original legal text. Not legal advice."}