Michigan § 457.277 - Management and control.
Full text of Michigan Michigan Compiled Laws § 457.277 — Management and control., with citation guidance and answers to common questions.
§ 457.277. Management and control.
The management and control of the business, affairs and property of such corporation shall be vested in said board of trustees, and said board shall have power to borrow any money and cause to be made and issued any bonds and mortgages authorized by section 4 of this act. Said trustees shall appoint from their number a chairman, vice chairman, secretary and treasurer, who shall perform the duties of their respective offices in accordance with the rules and regulations prescribed by the board of trustees.
Frequently Asked Questions About Michigan § 457.277
What does Michigan Compiled Laws § 457.277 cover?
Section 457.277 ("Management and control.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 457.277?
A common citation format is "Michigan Compiled Laws § 457.277" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 457.277 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.