Michigan Laws 125.2615 – Board of directors; appointment; terms; expiration of term; compensation and expenses
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(1) The board of directors shall be appointed for staggered terms as prescribed by an ordinance of the municipality.
(2) A director whose term of office has expired shall continue to hold office until the chief executive officer appoints the director’s successor, with the approval of the municipality’s governing body.
Terms Used In Michigan Laws 125.2615
- Board: means the board of directors of an enterprise community development corporation. See Michigan Laws 125.2605
- Chief executive officer: means the mayor or city manager of a city, the president of a village, the supervisor of a township, or the county executive of a county or, if a county does not have a county executive, the chairperson of the county board of commissioners. See Michigan Laws 125.2605
- Governing body: means the body in which the legislative powers of a municipality are vested. See Michigan Laws 125.2605
- Municipality: means a county, city, village, or township. See Michigan Laws 125.2605
(3) A director shall serve without compensation, but may be reimbursed for the actual expenses incurred in the performance of his or her official duties.