Michigan § 486.16 - Contracts made by board of directors.
Full text of Michigan Michigan Compiled Laws § 486.16 — Contracts made by board of directors., with citation guidance and answers to common questions.
§ 486.16. Contracts made by board of directors.
The said board of directors shall have power to make all necessary contracts in the name of the corporation to carry out the duties imposed upon them by this act, which contract shall be signed by the president of the board, if in writing, in the corporate name thereof.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 486.16
What does Michigan Compiled Laws § 486.16 cover?
Section 486.16 ("Contracts made by board of directors.") 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 § 486.16?
A common citation format is "Michigan Compiled Laws § 486.16" (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 § 486.16 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.