Section 500.6846 - Board of directors; borrowing power.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.6846 Board of directors; borrowing power.
Sec. 6846.
The board of directors of any company organized or operating under this chapter may borrow money for the purpose of paying losses and expenses.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218