Michigan § 500.1316 - Information to shareholders; expense; bond; examination or investigation.
Full text of Michigan Michigan Compiled Laws § 500.1316 — Information to shareholders; expense; bond; examination or investigation., with citation guidance and answers to common questions.
§ 500.1316. Information to shareholders; expense; bond; examination or investigation.
All statements, amendments, or other material filed pursuant to section 1311 or 1312 and all notices of hearings held pursuant to section 1315, shall be mailed by the insurer to its shareholders within 5 business days after the insurer has received them. The expenses of mailing shall be borne by the person making the filing. As security for the payment of the expenses, the person shall file with the commissioner an acceptable bond or other deposit in an amount to be determined by the commissioner. At the acquiring party's expense, the commissioner may conduct such examination or investigation as the commissioner is empowered to do under section 224.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.1316
What does Michigan Compiled Laws § 500.1316 cover?
Section 500.1316 ("Information to shareholders; expense; bond; examination or investigation.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 500.1316?
A common citation format is "Michigan Compiled Laws § 500.1316" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 500.1316 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.