Section 500.6846 Board of Directors; Borrowing Power.

MI Comp L § 500.6846 (2019) (N/A)
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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