Michigan § 500.5002 - Organization of insurers; definitions.
Full text of Michigan Michigan Compiled Laws § 500.5002 — Organization of insurers; definitions. , with citation guidance and answers to common questions.
§ 500.5002. Organization of insurers; definitions.
Definitions, as used in this code:
Except as otherwise indicated "corporation" means a corporation formed or existing under the laws of this state.
"Articles" means articles of incorporation, and all amendments thereto, and includes what has heretofore been referred to as articles of association and/or charters and amendments thereto of corporations governed by this code.
"Incorporator" means a person, natural or corporate, who signs the articles.
"Director" and "directors" shall be construed to be synonymous with "trustee" and "trustees" respectively. "Directors," when used in relation to any power or duty requiring collective action, shall be construed to mean "board of directors."
"Registered office" means the place designated in the articles or bylaws as the office of the corporation in this state.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.5002
What does Michigan Compiled Laws § 500.5002 cover?
Section 500.5002 ("Organization of insurers; definitions. ") 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 § 500.5002?
A common citation format is "Michigan Compiled Laws § 500.5002" (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 § 500.5002 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.