Michigan Compiled Laws § 500.7030 Officers And Agents; Selection And Appointment; Authority And Duties; Removal; Bond.

500.7030 Officers and agents; selection and appointment; authority and duties; removal; bond.

Sec. 7030.

The board of trustees shall select such officers as designated in the articles or bylaws and may appoint agents as they may deem necessary for the transaction of the business of the MEWA. All officers and agents shall respectively have such authority and perform such duties in the management of the property and affairs of the MEWA, as may be delegated by the board of trustees. Any officer or agent may be removed by the board of trustees whenever in their judgment the business interests of the MEWA will be served thereby. The board of trustees shall secure the fidelity of any or all of such officers or agents who handle the funds of the MEWA by bond or otherwise.

History: Add. 1986, Act 121, Eff. July 1, 1986
Popular Name: Act 218

Section: Previous  500.7014  500.7018  500.7020  500.7022  500.7024  500.7026  500.7028  500.7030  500.7032  500.7034  500.7040  500.7044  500.7050  500.7060  500.7070  Next

Last modified: October 10, 2016