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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)
218-1956-82 CHAPTER 82 TRANSFORMATION OF FRATERNAL BENEFIT SOCIETIES (500.8204...500.8254)
Section 500.8204 Fraternal benefit society; reorganization into legal reserve premium company; amendment of articles.
Universal Citation: MI Comp L § 500.8204 (2017)
500.8204 Fraternal benefit society; reorganization into legal reserve premium company; amendment of articles.
Sec. 8204.
Any existing fraternal benefit society may amend its articles of incorporation and bylaws in such a way as to transform itself into a legal reserve level premium company doing business as a mutual company, but only after complying with the provisions of this chapter.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218
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