GroundRules
← Search the law
Michigan · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Mich. Comp. Laws § 500.6029: Receipt of fee, commission, or other consideration; payment of costs and expenses.

Read at publisher ↗
Where this section sits in the code
  1. MI Code
  2. Chapter 500
  3. Act Act-218-of-1956

Sec. 6029.

A director, officer, agent, or employee of the mutual company or any other person shall not receive any fee, commission, or other valuable consideration, other than his or her usual salary and compensation, for aiding, promoting, or assisting in a reorganization under this chapter, except as provided for in the plan approved by the commissioner.

All the costs and expenses connected with a plan of reorganization shall be paid for or reimbursed by the mutual company or the converted company.

Collected 2026-09-14T18:32:31Z. Source file · JSON

Browse this collection