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Form a Business

Qualified assets in stocks, bonds, or evidences of corporate indebtedness; authorization.

MCL 500.922
in effect
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500.922. Qualified assets in stocks, bonds, or evidences of corporate indebtedness; authorization. Sec. 922. Qualified assets for purposes of section 901 include stocks, bonds, and other evidence of indebtedness of solvent corporations as approved by its board of directors or a committee of the board entrusted with the investment of the company's funds. The insurer may hold the stocks, bonds, and other evidences of indebtedness as an investment. 1956, Act 218, Eff. Jan. 1, 1957; Am. 1957, Act 91, Eff. Sept. 27, 1957; Am. 1969, Act 318, Eff. Mar. 20, 1970; Am. 1991, Act 79, Imd. Eff. July 18, 1991; Am. 2002, Act 462, Imd. Eff. June 21, 2002 [PopularName] Act 218
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-500-922Fetched: 10/20/2026

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