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2020 Michigan Compiled Laws
Chapter 550 - General Insurance Laws
Act 350 of 1980 The Nonprofit Health Care Corporation Reform Act (550.1101 - 550.1704)
350-1980-6A Part 6a Health Endowment Fund Corporations (550.1651...550.1655)
- Section 550.1651 Definitions.
- Section 550.1652 Health Endowment Fund Corporation; Incorporation; Conflict of Interest; Appointment of Board Members; Vacancy; Terms; Quorum; Vote; Business Open to Public; Notice; Meeting in Closed Session; Minutes; Compensation.
- Section 550.1653 Charitable Purpose Nonprofit Corporation; Receipt and Administration of Funds; Articles of Incorporation; Grants; Conflict With Other Provisions of Law; Social Mission Contributions; Fund as Private, Nonprofit Corporation.
- Section 550.1654 Executive Director.
- Section 550.1655 Disbursement, Expenditure, and Investment of Money by Fund; System of Financial Accounting, Controls, Audits, and Reports; Appointment of Audit Committee; Duties of Executive Director; Requirement to Keep Accurate Accounting; Cooperation With Investigation.
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