{"data":{"id":"us-mi/mich.-comp.-laws-486.314","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 486.314","heading":"Officers of company; designation, election, bonding.","body":"Sec. 14.\n\nThe officers of such company shall be a president, who also shall be a director, a secretary, a treasurer, and such other officers, agents and servants, as the board of directors shall deem necessary for the transaction of the business of the company; such officers shall be elected annually, by the directors, and may be required to give bonds, with penalty and sureties, to the approval of the board of directors.","path":["MI Code","Chapter 486","Act Act-113-of-1869"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-486-314","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"c7ceca2df7d8d0a66a4749c7d504dabac2b891641bf2811ee1bf3b656a5338be","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-486.313","next":"us-mi/mich.-comp.-laws-486.315"},"notice":"GroundRules: Original legal text. Not legal advice."}