Statutes > Michigan Statutes > Chapter 500 - INSURANCE CODE OF 1956 > Act 218 of 1956 - THE INSURANCE CODE OF 1956 (500.100 - 500.8302) > 218-1956-66 - CHAPTER 66 RAILWAY EMPLOYEES, AND LIFE, DISABILITY INSURERS (DOMESTIC, STOCK) (500.6600...500.6616) > Section 500.6608 - Capital stock issuance limitations; par value.

Section 500.6608 - Capital stock issuance limitations; par value.

THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956

500.6608 Capital stock issuance limitations; par value.

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