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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)
218-1956-64 CHAPTER 64 COOPERATIVE PLAN INSURERS (DOMESTIC) (500.6400...500.6460)
Section 500.6422 Domestic cooperative plan insurers; members; voting; quorum; inspection of books.
Universal Citation: MI Comp L § 500.6422 (2017)
500.6422 Domestic cooperative plan insurers; members; voting; quorum; inspection of books.
Sec. 6422.
Every person insured in any insurer organized under this chapter shall be a member of such insurer, and shall be entitled to 1 vote at all meetings of the members, and may vote in person or by proxy under such rules and regulations as may be provided in the bylaws of such insurer: Provided, however, That a minimum of 10 members shall be present in person to constitute a quorum. The books of such insurer shall be open for inspection by any member of such insurer at any of its meetings.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218
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