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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)
218-1956-68 CHAPTER 68 FARMERS' AND OTHER SPECIAL MUTUAL PROPERTY INSURERS (DOMESTIC) (500.6800...500.6886)
Section 500.6846 Board of directors; borrowing power.
Universal Citation: MI Comp L § 500.6846 (2017)
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.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218
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