Michigan § 457.295 - Board of trustees; election, quorum, officers.
Full text of Michigan Michigan Compiled Laws § 457.295 — Board of trustees; election, quorum, officers., with citation guidance and answers to common questions.
§ 457.295. Board of trustees; election, quorum, officers.
The stockholders, each of whom shall be entitled to 1 vote for each share of stock held by him, may elect from their number a board of trustees, not less than 6 nor more than 9 members, a majority of whom shall form a quorum, and the trustees shall appoint from their own number a president, secretary and treasurer, who shall perform the duties of their offices in accordance with the rules and regulations which may be prescribed by the board of trustees.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 457.295
What does Michigan Compiled Laws § 457.295 cover?
Section 457.295 ("Board of trustees; election, quorum, officers.") 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 § 457.295?
A common citation format is "Michigan Compiled Laws § 457.295" (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 § 457.295 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.