Sec. 208.
(1) An action may be brought in the right of a health care corporation to procure a judgment in its favor, by a member of the corporate body.
(2) In such an action, the complaint shall allege:
(a) That the plaintiff is a member of the corporate body at the time of bringing the action, and that he or she was a member of the corporate body at the time of the transaction of which he or she complains.
(b) With particularity, the effort of the plaintiff to secure the initiation of the action by the board or the reasons for not making the effort.
History: 1980, Act 350, Eff. Apr. 3, 1981 Popular Name: Blue Cross-Blue ShieldPopular Name: Act 350
Structure Michigan Compiled Laws
Chapter 550 - General Insurance Laws
Act 350 of 1980 - The Nonprofit Health Care Corporation Reform Act (550.1101 - 550.1704)
350-1980-2 - Part 2 (550.1201...550.1220)
Section 550.1201a - Formation of Health Care Corporation After January 1, 2014; Prohibition.
Section 550.1203 - Amendment or Restatement of Articles; Review; Approval.
Section 550.1204a - Unimpaired Surplus.
Section 550.1205 - Repealed. 2003, Act 59, Eff. July 23, 2003.
Section 550.1205a - Actuarial Practices and Accounting Principles; Financial Report.
Section 550.1208 - Action by Member; Complaint.
Section 550.1209 - Action by Member; Discontinuance, Compromise, or Settlement; Notice; Expense.
Section 550.1210 - Action by Member; Reasonable Expenses; Attorney's Fees.
Section 550.1212 - Action Without Notice or Lapse of Time Periods; Waiver; Attorney-in-Fact.
Section 550.1213 - Indemnification.
Section 550.1214 - Rate of Interest.
Section 550.1216, 550.1217 - Repealed. 2002, Act 559, Imd. Eff. Sept. 27, 2002.
Section 550.1218 - Health Care Corporation; Prohibited Actions.
Section 550.1219 - Provisions Superseded.
Section 550.1220 - Merger of Health Care Corporation With Nonprofit Mutual Disability Insurer.