Michigan § 125.2615 Board of directors; appointment; terms; expiration of term; compensation and expenses.

Michigan Statutes

§ 125.2615 — Board of directors; appointment; terms; expiration of term; compensation and expenses.

Michigan § 125.2615

Ch. 125PLANNING, HOUSING, AND ZONING

Act 123 of 1995ENTERPRISE COMMUNITY DEVELOPMENT CORPORATION ACT (125.2601-125.2631)

This text of Michigan § 125.2615 (Board of directors; appointment; terms; expiration of term; compensation and expenses.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 125.2615 (2026).

Text

ENTERPRISE COMMUNITY DEVELOPMENT CORPORATION ACT (EXCERPT) Act 123 of 1995 125.2615 Board of directors; appointment; terms; expiration of term; compensation and expenses. Sec. 15.

(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.

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ENTERPRISE COMMUNITY DEVELOPMENT CORPORATION ACT (EXCERPT) Act 123 of 1995 125.2615 Board of directors; appointment; terms; expiration of term; compensation and expenses. Sec. 15. (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.