Sec. 6608.
The amount of capital stock of any company organized under the provisions of this chapter shall not be less than $200,000.00, in shares of the par value of $50.00 each.
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)
Section 500.6600 - Scope of Chapter.
Section 500.6608 - Capital Stock Issuance Limitations; Par Value.
Section 500.6612 - Applicability of Chapter.
Section 500.6616 - Railway Employees' Loss of Position Insurance; Limit of Liability; Application.