Michigan Compiled Laws § 500.5266 Dividends To Stockholders; General Provision.

500.5266 Dividends to stockholders; general provision.

Sec. 5266.

No dividends shall be declared due and payable to stockholders of any stock insurance company, except out of the surplus earnings of the company unless otherwise provided for in this code.

History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218

Section: Previous  500.5246  500.5248  500.5252  500.5256  500.5258  500.5260  500.5264  500.5266  500.5267  500.5270  500.5272  500.5274  500.5276  500.5280  500.5282  Next

Last modified: October 10, 2016