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    <title>Amendment of section 161</title>
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    <description>The amendment broadens alternate directorship to permit appointment for directors who hold directorships in the same company, deletes the phrase limiting the approval requirement to public companies, and mandates that board appointments of alternates be subsequently approved by members in the immediate next general meeting, establishing a two-step process of board appointment followed by member ratification.</description>
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      <link>https://www.taxtmi.com/acts?id=31722</link>
      <description>The amendment broadens alternate directorship to permit appointment for directors who hold directorships in the same company, deletes the phrase limiting the approval requirement to public companies, and mandates that board appointments of alternates be subsequently approved by members in the immediate next general meeting, establishing a two-step process of board appointment followed by member ratification.</description>
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