Section 550.1704 – Effective Date.
550.1704 Effective date. Sec. 704. This act shall take effect April 3, 1981. History: 1980, Act 350, Eff. Apr. 3, 1981 Popular Name: Blue Cross-Blue ShieldPopular Name: Act 350
Section 550.1703 – Repeal of MCL 550.301 to 550.316 and 550.501 to 550.517.
550.1703 Repeal of MCL 550.301 to 550.316 and 550.501 to 550.517. Sec. 703. The following acts and parts of acts are repealed: (a) Act No. 108 of the Public Acts of 1939, as amended, being sections 550.301 to 550.316 of the Compiled Laws of 1970. (b) Act No. 109 of the Public Acts of 1939, […]
Section 550.1619 – Injunction; Declaratory and Equitable Relief; Enforcement of Act or Rules.
550.1619 Injunction; declaratory and equitable relief; enforcement of act or rules. Sec. 619. (1) The attorney general may bring an action, or apply to the circuit court for a court order, to enjoin a health care corporation from transacting business, receiving, collecting, or disbursing money, or acquiring, holding, protecting, or conveying property if that corporate […]
Section 550.1620 – Certificate Subject to Policy and Certificate Issuance and Rate Filing Requirements; Establishment of Reasonable Open Enrollment Periods; Frequency and Duration; Denial, Condition, or Discrimination.
550.1620 Certificate subject to policy and certificate issuance and rate filing requirements; establishment of reasonable open enrollment periods; frequency and duration; denial, condition, or discrimination. Sec. 620. (1) Notwithstanding any provision of this act to the contrary, a certificate delivered, issued for delivery, or renewed in this state on or after January 1, 2014 by […]
Section 550.1651 – Definitions.
550.1651 Definitions. Sec. 651. As used in this part: (a) “Board” means the board of a health endowment fund corporation incorporated under this part. (b) “Executive director” means the executive director of a fund appointed by the board. (c) “Fund” means a health endowment fund corporation organized as a nonprofit corporation under section 653. History: […]
Section 550.1652 – Health Endowment Fund Corporation; Incorporation; Conflict of Interest; Appointment of Board Members; Vacancy; Terms; Quorum; Vote; Business Open to Public; Notice; Meeting in Closed Session; Minutes; Compensation.
550.1652 Health endowment fund corporation; incorporation; conflict of interest; appointment of board members; vacancy; terms; quorum; vote; business open to public; notice; meeting in closed session; minutes; compensation. Sec. 652. (1) A health endowment fund corporation shall not be incorporated in this state except under this part. (2) A board shall adopt a conflict of […]
Section 550.1653 – Charitable Purpose Nonprofit Corporation; Receipt and Administration of Funds; Articles of Incorporation; Grants; Conflict With Other Provisions of Law; Social Mission Contributions; Fund as Private, Nonprofit Corporation.
550.1653 Charitable purpose nonprofit corporation; receipt and administration of funds; articles of incorporation; grants; conflict with other provisions of law; social mission contributions; fund as private, nonprofit corporation. Sec. 653. (1) A charitable purpose nonprofit corporation may be incorporated on a nonstock, directorship basis, under the nonprofit corporation act, 1982 PA 162, MCL 450.2101 to […]
Section 550.1654 – Executive Director.
550.1654 Executive director. Sec. 654. (1) A board shall appoint an executive director to serve as the chief executive officer of the fund. The executive director shall serve at the pleasure of the board. The executive director may employ staff and hire consultants as necessary with the approval of the board. The board shall determine […]
Section 550.1655 – Disbursement, Expenditure, and Investment of Money by Fund; System of Financial Accounting, Controls, Audits, and Reports; Appointment of Audit Committee; Duties of Executive Director; Requirement to Keep Accurate Accounting; Cooperation With Investigation.
550.1655 Disbursement, expenditure, and investment of money by fund; system of financial accounting, controls, audits, and reports; appointment of audit committee; duties of executive director; requirement to keep accurate accounting; cooperation with investigation. Sec. 655. (1) Subject to this section, a fund may disburse money contributed to the fund each year, not including any interest, […]
Section 550.1701 – Formal Reorganization Not Required; Duties of Health Care Corporation; Amendments to Articles and Bylaws; Description of Board Restructuring; Review; Certification; Statement of Reasons for Disapproval; Judicial Remedies; Effect of Noncompliance; Extension of Corporate Existence; Powers Undiminished.
550.1701 Formal reorganization not required; duties of health care corporation; amendments to articles and bylaws; description of board restructuring; review; certification; statement of reasons for disapproval; judicial remedies; effect of noncompliance; extension of corporate existence; powers undiminished. Sec. 701. (1) Each health care corporation on the effective date of this act shall be subject to […]