Sec. 212.
When, under this act or the articles of incorporation or bylaws of a health care corporation or by the terms of an agreement or instrument, a health care corporation or the board of directors of the health care corporation or any committee of the board may take action after notice to any person or after lapse of a prescribed period of time, the action may be taken without notice and without lapse of the period of time, if at any time before or after the action is completed the person entitled to notice or to participate in the action to be taken or, in case of a subscriber, by his or her attorney-in-fact, submits a signed waiver of those requirements. The attorney-in-fact may not be employed by, or receive substantial income from, the health care corporation.
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Section 550.1205 - Repealed. 2003, Act 59, Eff.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Section 550.1216, 550.1217 - Repealed. 2002, Act 559, Imd.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Section 550.1219 - Provisions Superseded.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.