Sec. 7.
Every corporation under and in pursuance of this act shall have full power and authority to provide by its by-laws from time to time for the election from its own members of such other officers of the corporation, under and by such name and style as shall be in accordance with its ritual, by-laws and constitution, and instead of appointing a board of trustees to have the management and control of its property, interests and affairs as provided in sections 5 and 6 of this act, may if the corporation so choose, provide in its rituals and by-laws that the property, affairs and interests of the corporation shall be managed and controlled by such persons or officers of the corporation, or in such manner as the corporation shall from time to time provide for that purpose in such by-laws; and the corporation may enact all such by-laws, rules and regulations as may be necessary for its government and the government of subordinate shrines and for the care and management of its property, and for the care and management of the property of subordinate shrines and the affairs and interests of both the supreme and subordinate bodies and to carry into effect the powers and privileges in this act granted and may alter and amend the same at pleasure: Provided, however, That in all cases where such corporation shall choose to appoint a board of trustees to have the management of its property and affairs, such board shall have the power and the management and the direction of the interests and property of the corporation as provided in sections 5 and 6 of this act.
History: 1897, Act 256, Imd. Eff. June 2, 1897 ;-- CL 1897, 7989 ;-- CL 1915, 10433 ;-- CL 1929, 10648 ;-- CL 1948, 457.297
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.