Mich. Comp. Laws § 125.2615
Board of directors; appointment; terms; expiration of term; compensation and expenses.
Michigan · Michigan Compiled Laws — ENTERPRISE COMMUNITY DEVELOPMENT CORPORATION ACT (Act 123 of 1995) · Status: effective
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- Citation
- Mich. Comp. Laws § 125.2615, Board of directors; appointment; terms; expiration of term; compensation and expenses, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1341969
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Full text
(1) The board of directors shall be appointed for staggered terms as prescribed by an ordinance of the municipality.
(2) A director whose term of office has expired shall continue to hold office until the chief executive officer appoints the director's successor, with the approval of the municipality's governing body.
(3) A director shall serve without compensation, but may be reimbursed for the actual expenses incurred in the performance of his or her official duties.