Mich. Comp. Laws § 500.5276
Current through Public Act 190 of the 2024 Legislative Session
In the event of any additional losses accruing upon new risks, taken after the expiration of the period limited by the commissioner in the requisition, pursuant to section 5272, for the filling up of the deficiency in the capital and assets of such company, and before said deficiency shall have been made up, the directors shall be individually liable to the extent thereof.
MCL 500.5276