There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - Mich. Comp. Laws § 500.6846 Board of directors; borrowing power.
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Act 218 of 1956 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.
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