Michigan Compiled Laws § 456.14 Officers; Compensation.


456.14 Officers; compensation.

Sec. 14.

The president, clerk, treasurer and superintendent of grounds of any corporation organized under this act shall receive such a compensation for their services as shall be allowed by a majority of the members of the corporation present at a corporate meeting, and no more: Provided, That if the members neglect to fix such compensation, the same may be fixed, from time to time, by the board of trustees.


History: 1855, Act 87, Imd. Eff. Feb. 12, 1855 ;-- CL 1857, 1730 ;-- CL 1871, 3387 ;-- How. 4741 ;-- Am. 1885, Act 119, Imd. Eff. May 27, 1885 ;-- CL 1897, 8375 ;-- Am. 1903, Act 65, Eff. Sept. 17, 1903 ;-- CL 1915, 11135 ;-- CL 1929, 10414 ;-- CL 1948, 456.14


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Last modified: October 10, 2016