Michigan Compiled Laws § 500.6846 Board Of Directors; Borrowing Power.

500.6846 Board of directors; borrowing power.

Sec. 6846.

The board of directors of any company organized or operating under this chapter may borrow money for the purpose of paying losses and expenses.

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

Section: Previous  500.6828  500.6830  500.6834  500.6838  500.6840  500.6842  500.6844  500.6846  500.6848  500.6850  500.6854  500.6856  500.6858  500.6859  500.6860  Next

Last modified: October 10, 2016