Sec. 11.
Corporations formed in pursuance of this act shall not be considered as engaged in the business of life insurance, nor shall they be subject to the provision of the statutes relating to life insurance or mutual benefit companies, associations or corporations.
History: 1887, Act 83, Imd. Eff. Apr. 22, 1887 ;-- How. 4577z-8 ;-- CL 1897, 8057 ;-- CL 1915, 10530 ;-- CL 1929, 10735 ;-- CL 1948, 457.511