Section 500.8204 - Fraternal benefit society; reorganization into legal reserve premium company; amendment of articles.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.8204 Fraternal benefit society; reorganization into legal reserve premium company; amendment of articles.
Sec. 8204.
Any existing fraternal benefit society may amend its articles of incorporation and bylaws in such a way as to transform itself into a legal reserve level premium company doing business as a mutual company, but only after complying with the provisions of this chapter.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218