Mich. Comp. Laws § 125.2577
Current through Public Act 171 of the 2024 Legislative Session
A director who has either a direct or indirect interest in a matter before the corporation shall disclose that interest before the corporation takes action on the matter. This disclosure shall be made a part of the record of the corporation's official proceedings and the interested director shall refrain from participation in the corporation relating to the matter.
MCL 125.2577