{"data":{"id":"us-mi/mich.-comp.-laws-486.54","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 486.54","heading":"Board of directors; members, election, qualification.","body":"Sec. 4.\n\nThe business and property of such company shall be managed and directed by a board of not less than 5 nor more than 7 directors, who shall be elected annually and at such time and place as said by-laws may direct. No person shall be a director unless he is a stockholder in the corporation.","path":["MI Code","Chapter 486","Act Act-39-of-1883"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-486-54","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"2df2605bca4fb542de15c92d258797e3c965e47b579149be1e6aeda1376217fc","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-486.53","next":"us-mi/mich.-comp.-laws-486.55"},"notice":"GroundRules: Original legal text. Not legal advice."}