MCL - 218-1956-50

THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
Chapter 50
ORGANIZATION OF DOMESTIC STOCK AND MUTUAL INSURERS
Document Type Description
Section 500.5000 Section Scope of chapter.
Section 500.5001 Section Compliance with chapter required.
Section 500.5002 Section Organization of insurers; definitions.
Section 500.5006 Section Stock insurers; formation, number of incorporators required.
Section 500.5008 Section Articles of incorporation; blank forms; subscribing in duplicate; contents; permissible provisions; liability of director; certificate of acknowledgment.
Section 500.5010 Section Duration of corporate existence.
Section 500.5012 Section Corporate name; restrictions.
Section 500.5014 Section Par value of stock; limitations.
Section 500.5020 Section Examination of articles by attorney general; fee.
Section 500.5024 Section Securing subscribers, stockholders, or members of insurance company; sale of capital stock; required acts of incorporators; authority of commissioner.
Section 500.5028 Section Completion of organization; issuance of stock certificates; mutual corporation.
Section 500.5036 Section Liability of directors for debts during organization.
Section 500.5040 Section Examination; certificate of authority.