Reorganization; Plan; Adoption Requirements - Mich. Comp. Laws Section 500.8232
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Michigan Laws > Insurance Code Of 1956 > Reorganization; Plan; Adoption Requirements - Mich. Comp. Laws Section 500.8232
500.8232 Reorganization; plan; adoption requirements.
Sec. 8232.
No such transformation shall take place until after its plan has been approved by the commissioner, either with or without a hearing as herein provided, and until such approved plan has been adopted by a majority vote of the board of directors or board of trustees of such society; and, if submitted to the supreme governing body, until such approved plan has also been adopted by a majority vote of the said supreme governing body present and voting.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218
Section: 500.8212 500.8214 500.8216 500.8218 500.8220 500.8224 500.8228 500.8232 500.8240 500.8242 500.8246 500.8250 500.8254 500.8300 500.8301
Last modified: March 17, 2013
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