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.
Mich. Comp. Laws § 500.5266, under THE INSURANCE CODE OF 1956.
Mich. Comp. Laws § 500.5266
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.