Section 500.8147 - Petition to reopen proceedings.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.8147 Petition to reopen proceedings.
Sec. 8147.
After the liquidation proceeding has been terminated and the liquidator discharged, the commissioner or other interested party may petition the circuit court at any time to reopen the proceedings for good cause, including the discovery of additional assets. If the court is satisfied that there is justification for reopening, it shall order a reopening.
History: Add. 1989, Act 302, Imd. Eff. Jan. 3, 1990
Popular Name: Act 218