Mich. Comp. Laws § 500.5515

Current through Public Act 148 of the 2024 Legislative Session

Section 500.5515 - Record shareholder of non-surviving insurer right to dissent and obtain payment

If the dividing insurer does not survive the division, a record shareholder of a dividing insurer is entitled to dissent from and obtain payment of the fair value of that shareholder's shares, in the same manner and to the extent provided for under sections 1762 to 1774 of the business corporation act, 1972 PA 284, MCL 450.1762 to 450.1774.

MCL 500.5515

Added by 2018, Act 421,s 8, eff. 12/20/2018.