Michigan Laws 331.1210 – Board of trustees and subsidiary board; quorum; action by vote of majority
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Terms Used In Michigan Laws 331.1210
- Board of trustees: means the board of trustees of a corporation created under or governed by this act. See Michigan Laws 331.1103
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: means a municipal health facilities corporation incorporated under this act or created under 1913 PA 350, MCL 331. See Michigan Laws 331.1103
- Quorum: The number of legislators that must be present to do business.
- Subsidiary board: means the board of trustees of a subsidiary corporation. See Michigan Laws 331.1103
A majority of the trustees serving on a board or subsidiary board shall constitute a quorum for the transaction of business of the corporation or subsidiary corporation, respectively. Except as otherwise specifically provided in this act, actions taken by a board of trustees or subsidiary board shall be by a vote of a majority of the members serving on the board or subsidiary board.