Mich. Comp. Laws § 500.6846

Board of directors; borrowing power.

Last amended: 1956Year: 2026Length: 34 wordsOfficial source
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
Mich. Comp. Laws § 500.6846: Board of directors; borrowing power. | Justis AI