Michigan Code § 500.5266

Dividends to Stockholders; General Provision.
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Sec. 5266.
No dividends shall be declared due and payable to stockholders of any stock insurance company, except out of the surplus earnings of the company unless otherwise provided for in this code.
History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218

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