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Michigan Compiled Laws Complete Through PA 140 of 2017
House: Adjourned until Tuesday, November 28, 2017 1:30:00 PM
Senate: Adjourned until Tuesday, November 28, 2017 10:00:00 AM

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218-1956-82
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THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
Chapter 82
TRANSFORMATION OF FRATERNAL BENEFIT SOCIETIES

DocumentTypeDescription
Section 500.8204SectionFraternal benefit society; reorganization into legal reserve premium company; amendment of articles.
Section 500.8206SectionReorganization; proposed articles and bylaws; filing with insurance commissioner.
Section 500.8208SectionReorganization; hearing on petition.
Section 500.8210SectionReorganization; member's right to appear.
Section 500.8212SectionReorganization; examination; witnesses.
Section 500.8214SectionReorganization; authorization by insurance commissioner; modification.
Section 500.8216SectionReorganization; order; disposition of assets.
Section 500.8218SectionReorganization; submission of plan to governing body of society; meeting.
Section 500.8220SectionReorganization; special meeting; notice; approval; required vote; proxies.
Section 500.8224SectionReorganization; members; referendum.
Section 500.8228SectionReorganization; plan; approval by insurance commissioner; vote; results.
Section 500.8232SectionReorganization; plan; adoption requirements.
Section 500.8240SectionApplicability of MCL 500.8204 to 500.8232.
Section 500.8242SectionReorganization; effect; continuation of original corporation; powers; officers.
Section 500.8246SectionAmendment or reincorporation; saving clause.
Section 500.8250SectionLiens upon certificates; notices to members; application of section.
Section 500.8254SectionCertificates of membership; valuation; reserve; annual statement.
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