2006 Michigan Compiled Laws - Mich. Comp. Laws § 500.8232 Reorganization; plan; adoption requirements.
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Act 218 of 1956 500.8232 Reorganization; plan; adoption requirements. Sec. 8232. No such transformation shall take place until after its plan has been approved by the commissioner, either with or without a hearing as herein provided, and until such approved plan has been adopted by a majority vote of the board of directors or board of trustees of such society; and, if submitted to the supreme governing body, until such approved plan has also been adopted by a majority vote of the said supreme governing body present and voting.
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