Michigan Compiled Laws
350-1980-6A - Part 6a Health Endowment Fund Corporations (550.1651...550.1655)
Section 550.1651 - Definitions.

Sec. 651.
As used in this part:
(a) "Board" means the board of a health endowment fund corporation incorporated under this part.
(b) "Executive director" means the executive director of a fund appointed by the board.
(c) "Fund" means a health endowment fund corporation organized as a nonprofit corporation under section 653.
History: Add. 2013, Act 4, Imd. Eff. Mar. 18, 2013 Popular Name: Blue Cross-Blue ShieldPopular Name: Act 350

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 550 - General Insurance Laws

Act 350 of 1980 - The Nonprofit Health Care Corporation Reform Act (550.1101 - 550.1704)

350-1980-6A - Part 6a Health Endowment Fund Corporations (550.1651...550.1655)

Section 550.1651 - Definitions.

Section 550.1652 - Health Endowment Fund Corporation; Incorporation; Conflict of Interest; Appointment of Board Members; Vacancy; Terms; Quorum; Vote; Business Open to Public; Notice; Meeting in Closed Session; Minutes; Compensation.

Section 550.1653 - Charitable Purpose Nonprofit Corporation; Receipt and Administration of Funds; Articles of Incorporation; Grants; Conflict With Other Provisions of Law; Social Mission Contributions; Fund as Private, Nonprofit Corporation.

Section 550.1654 - Executive Director.

Section 550.1655 - Disbursement, Expenditure, and Investment of Money by Fund; System of Financial Accounting, Controls, Audits, and Reports; Appointment of Audit Committee; Duties of Executive Director; Requirement to Keep Accurate Accounting; Coope...