Michigan Compiled Laws § 500.8124a Guaranty Association Or Foreign Guaranty Association; Court Standing; Right To Intervene; Jurisdiction.

500.8124a Guaranty association or foreign guaranty association; court standing; right to intervene; jurisdiction.

Sec. 8124a.

Any guaranty association or foreign guaranty association has standing to appear and may intervene as a party as a matter of right or otherwise appear and participate in any court proceeding concerning the rehabilitation or liquidation of an insurer if the association is or may become liable to act as a result of the liquidation. Exercise by any guaranty association or its designated representative of the right to intervene conferred under this subsection does not constitute grounds to establish general personal jurisdiction by the courts of this state. The intervening guaranty association or foreign guaranty association is subject to the court's jurisdiction only for the limited purpose for which it intervenes.

History: Add. 2006, Act 356, Imd. Eff. Sept. 18, 2006

Compiler's Notes: Act 218

Section: Previous  500.8118a  500.8119  500.8120  500.8121  500.8122  500.8123  500.8124  500.8124a  500.8125  500.8126  500.8127  500.8128  500.8129  500.8130  500.8130a  Next

Last modified: October 10, 2016