Michigan Compiled Laws § 500.6502 Formation Of Limited Liability Pool; Purpose.

500.6502 Formation of limited liability pool; purpose.

Sec. 6502.

Subject to the requirements of chapters 50 and 52, any number of persons, not less than 7, who are residents of this state, may form a limited liability pool for the purpose of carrying on upon the assessment or cooperative plan, liability insurance as provided in section 6506.

History: Add. 1986, Act 173, Imd. Eff. July 7, 1986
Popular Name: Act 218

Section: 500.6500  500.6502  500.6506  500.6510  500.6512  500.6514  500.6516  500.6517  500.6518  500.6522  500.6532  500.6534  500.6540  500.6550    Next

Last modified: October 10, 2016