Michigan Laws 500.5917 – Effectiveness of plan; conditions
Current as of: 2024 | Check for updates
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Terms Used In Michigan Laws 500.5917
- Commissioner: means the director. See Michigan Laws 500.102
- plan: means a plan adopted by a Michigan domestic mutual company's or mutual holding company's board of directors pursuant to this chapter to convert the mutual company into a Michigan domiciled stock company. See Michigan Laws 500.5901
A plan is effective when the commissioner has approved the plan, the eligible members have approved the plan, and the revised articles of incorporation have been adopted.