Michigan § 500.6502 - Formation of limited liability pool; purpose.
Full text of Michigan Michigan Compiled Laws § 500.6502 — Formation of limited liability pool; purpose., with citation guidance and answers to common questions.
§ 500.6502. Formation of limited liability pool; purpose.
Subject to the requirements of chapters 50 and 52, any number of persons, not less than 7, who are residents of this state, may form a limited liability pool for the purpose of carrying on upon the assessment or cooperative plan, liability insurance as provided in section 6506.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.6502
What does Michigan Compiled Laws § 500.6502 cover?
Section 500.6502 ("Formation of limited liability pool; purpose.") 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 § 500.6502?
A common citation format is "Michigan Compiled Laws § 500.6502" (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 § 500.6502 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.