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32 chapters · 358 sections in this title.
Mich. Comp. Laws § 550.1214 Rate of interest.
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Sec. 214. A health care corporation may by agreement in writing, and not otherwise, agree to pay a rate of interest in excess of the legal rate, and in that case, the defense of usury is prohibited.
Mich. Comp. Laws § 550.1215 Health care corporation as shareholder in other nonprofit corporation; rights, powers, privileges, and liabilities.
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Sec. 215. When a health care corporation, consistent with the purposes of the corporation prescribed in this act, is a shareholder in any other nonprofit corporation, its president and other officers or any of its directors may hold the office of director of the other nonprofit c…
Mich. Comp. Laws § 550.1218 Health care corporation; prohibited actions.
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Sec. 218. A health care corporation shall not do any of the following: (a) Take any action to change its nonprofit status. (b) Except as otherwise provided in section 220, dissolve, merge, consolidate, mutualize, or take any other action that results in a change in direct or indi…
Mich. Comp. Laws § 550.1219 Provisions superseded.
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Sec. 219. A nonprofit health care corporation is subject to chapter 37 of the insurance code of 1956, 1956 PA 218, MCL 500.3701 to 500.3723. To the extent that a provision of this act concerning health coverage, including, but not limited to, premiums, rates, filings, and coverag…