Michigan § 500.1368 - Voting securities in violation of chapter; sequestration of securities.
Full text of Michigan Michigan Compiled Laws § 500.1368 — Voting securities in violation of chapter; sequestration of securities., with citation guidance and answers to common questions.
§ 500.1368. Voting securities in violation of chapter; sequestration of securities.
When a person has acquired or is proposing to acquire any voting securities in violation of this chapter or any rule or order issued by the commissioner, the circuit court for Ingham county or the circuit court for the county in which the insurer has its principal place of business, on such notice as the court deems appropriate, upon the application of the insurer or the commissioner, may seize or sequester any voting securities of the insurer owned directly or indirectly by such person and issue such orders with respect thereto as may be appropriate. Notwithstanding any other provisions of law, for the purposes of this chapter the situs of the ownership of the securities of domestic insurers is deemed to be in this state.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.1368
What does Michigan Compiled Laws § 500.1368 cover?
Section 500.1368 ("Voting securities in violation of chapter; sequestration of securities.") 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 § 500.1368?
A common citation format is "Michigan Compiled Laws § 500.1368" (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 § 500.1368 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.