{"data":{"id":"us-mi/mich.-comp.-laws-500.6846","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.6846","heading":"Board of directors; borrowing power.","body":"Sec. 6846.\n\nThe board of directors of any company organized or operating under this chapter may borrow money for the purpose of paying losses and expenses.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-6846","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"44cbe9feafafe67f637384c16478005b71f6f25a59ae840016d3023a0eb88fe4","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.6844","next":"us-mi/mich.-comp.-laws-500.6848"},"notice":"GroundRules: Original legal text. Not legal advice."}