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2017 Michigan Compiled Laws
Chapter 500 - Insurance Code of 1956
Act 218 of 1956 THE INSURANCE CODE OF 1956 (500.100 - 500.8302)
218-1956-52 CHAPTER 52 CORPORATE POWERS, PROCEDURES OF STOCK AND MUTUAL INSURERS (500.5200...500.5290)
Section 500.5266 Dividends to stockholders; general provision.
Universal Citation: MI Comp L § 500.5266 (2017)
500.5266 Dividends to stockholders; general provision.
Sec. 5266.
No dividends shall be declared due and payable to stockholders of any stock insurance company, except out of the surplus earnings of the company unless otherwise provided for in this code.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218
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