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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 500.8220 Reorganization; special meeting; notice; approval; required vote; proxies.
Universal Citation: MI Comp L § 500.8220 (2017)
500.8220 Reorganization; special meeting; notice; approval; required vote; proxies.
Sec. 8220.
A notice of said special meeting, in the form approved by the commissioner, shall be given in accordance with the requirement of the bylaws of such society. When so submitted, a majority vote of the supreme governing body present and voting, as authorized by its articles of incorporation and bylaws, shall be necessary to an approval of such plan of transformation; and no proxies shall in any case be voted.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218
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