Sec. 5001.
No stock or mutual insurer or other form of corporate body, shall hereafter be incorporated in this state for the purpose of transacting any form of insurance or surety bonding business, without complying with the procedure prescribed in this chapter.
History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218
Structure Michigan Compiled Laws
Chapter 500 - Insurance Code of 1956
Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
218-1956-50 - Chapter 50 Organization of Domestic Stock and Mutual Insurers (500.5000...500.5040)
Section 500.5000 - Scope of Chapter.
Section 500.5001 - Compliance With Chapter Required.
Section 500.5002 - Organization of Insurers; Definitions.
Section 500.5006 - Stock Insurers; Formation, Number of Incorporators Required.
Section 500.5010 - Duration of Corporate Existence.
Section 500.5012 - Corporate Name; Restrictions.
Section 500.5014 - Par Value of Stock; Limitations.
Section 500.5020 - Examination of Articles by Attorney General; Fee.
Section 500.5028 - Completion of Organization; Issuance of Stock Certificates; Mutual Corporation.
Section 500.5036 - Liability of Directors for Debts During Organization.