Sec. 8216.
The commissioner shall make such order and disposition of the assets of any such society as in his judgment may be just and equitable.
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)
218-1956-82 - Chapter 82 Transformation of Fraternal Benefit Societies (500.8204...500.8254)
Section 500.8206 - Reorganization; Proposed Articles and Bylaws; Filing With Insurance Commissioner.
Section 500.8208 - Reorganization; Hearing on Petition.
Section 500.8210 - Reorganization; Member's Right to Appear.
Section 500.8212 - Reorganization; Examination; Witnesses.
Section 500.8214 - Reorganization; Authorization by Insurance Commissioner; Modification.
Section 500.8216 - Reorganization; Order; Disposition of Assets.
Section 500.8218 - Reorganization; Submission of Plan to Governing Body of Society; Meeting.
Section 500.8220 - Reorganization; Special Meeting; Notice; Approval; Required Vote; Proxies.
Section 500.8224 - Reorganization; Members; Referendum.
Section 500.8228 - Reorganization; Plan; Approval by Insurance Commissioner; Vote; Results.
Section 500.8232 - Reorganization; Plan; Adoption Requirements.
Section 500.8240 - Applicability of MCL 500.8204 to 500.8232.
Section 500.8242 - Reorganization; Effect; Continuation of Original Corporation; Powers; Officers.
Section 500.8246 - Amendment or Reincorporation; Saving Clause.
Section 500.8250 - Liens Upon Certificates; Notices to Members; Application of Section.
Section 500.8254 - Certificates of Membership; Valuation; Reserve; Annual Statement.