THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956

500.6846 Board of directors; borrowing power.

Sec. 6846.

The board of directors of any company organized or operating under this chapter may borrow money for the purpose of paying losses and expenses.

History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218

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Michigan Compiled Laws Complete Through PA 9 of 2025
Courtesy of legislature.mi.gov