Mich. Comp. Laws » Michigan Compiled Laws / Chapter 450 / Act 284 of 1972
Michigan Compiled Laws

Mich. Comp. Laws § 450.1527 (2026)

Committees; designation by board; membership; absence or disqualification of member; terms.

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BUSINESS CORPORATION ACT


Act 284 of 1972


450.1527 Committees; designation by board; membership; absence or disqualification of member; terms.

Sec. 527.

    (1) Unless otherwise provided in the articles of incorporation or bylaws, the board may designate 1 or more committees, each committee to consist of 1 or more of the directors of the corporation. The board may designate 1 or more directors as alternate members of a committee, who may replace an absent or disqualified member at a meeting of the committee. The bylaws may provide that in the absence or disqualification of a member of a committee, the members thereof present at a meeting and not disqualified from voting, whether or not they constitute a quorum, may unanimously appoint another member of the board to act at the meeting in place of such an absent or disqualified member.

    (2) A committee, and each member thereof, shall serve at the pleasure of the board.

History: 1972, Act 284, Eff. Jan. 1, 1973

Notes of Decisions
Cited in 1 case, 1980–1980 · leading case: Genzer v. Cunningham, 498 F. Supp. 682 (E.D. Mich. 1980).
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Genzer v. Cunningham, 498 F. Supp. 682 (E.D. Mich. 1980). “§§ 450.1527 and 450.1528. Defendants argue that since the decision as to whether the corporation should institute litigation is part of the conduct of the business affairs of the corporation, a decision that a derivative action, which is a suit brought on behalf of the…”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.