{"data":{"id":"us-mi/mich.-comp.-laws-500.6003","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.6003","heading":"Reorganization of mutual company; formation.","body":"Sec. 6003.\n\nUpon approval of the commissioner, a mutual company may reorganize by forming simultaneously a mutual holding company and converting the mutual company into a direct or indirect stock subsidiary of the mutual holding company. Unless otherwise specifically requested in a plan of reorganization filed with the commissioner, reorganization under this chapter is not a full conversion of a mutual company or of a mutual holding company, as otherwise available under chapter 59. Chapter 59 conversions are separate transactions from a reorganization under this chapter, but may occur with or as a result of a reorganization under this chapter if so requested in a plan approved by the commissioner under chapter 59.\n\nA mutual holding company formed under this chapter may demutualize by complying with the applicable provisions of chapter 59.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-6003","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"1f6e419a03661913a39ba0eca4b73b3191cfe3e10044e01c0056c047ba52b825","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.6001","next":"us-mi/mich.-comp.-laws-500.6005"},"notice":"GroundRules: Original legal text. Not legal advice."}