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Code · Michigan · Chapter 500 — Insurance Code of 1956

500.6846 Board of directors; borrowing power.

44 words·~1 min read·/mi/chapter-500/500-6846

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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
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