Board of Directors; Borrowing Power.

  1. Law
  2. Michigan Compiled Laws
  3. Insurance Code of 1956
  4. 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
  5. Chapter 68 Farmers' and Other Special Mutual Property Insurers (Domestic) (500.6800...500.6886)
  6. Board of Directors; Borrowing Power.

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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


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