Michigan § 550.232 Applicability of act.

Michigan Statutes

§ 550.232 — Applicability of act.

Michigan § 550.232

Ch. 550GENERAL INSURANCE LAWS

Act 143 of 1935OFFICE AGENT; SET-OFF FOR DAMAGES (550.231-550.233)

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Bluebook

Mich. Comp. Laws § 550.232 (2026).

Text

OFFICE AGENT; SET-OFF FOR DAMAGES (EXCERPT) Act 143 of 1935 550.232 Applicability of act. Sec.

2.The provisions of this act shall apply to any balances unpaid and owing any such insurance companies at the time this act shall take effect, as represented in moneys uncollected by the agent and moneys collected by the agent and deposited in banks now closed, and shall apply to all actions at law or in equity to recover said unpaid balances which are pending in the courts of this state at the time this act shall take effect.

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OFFICE AGENT; SET-OFF FOR DAMAGES (EXCERPT) Act 143 of 1935 550.232 Applicability of act. Sec. 2. The provisions of this act shall apply to any balances unpaid and owing any such insurance companies at the time this act shall take effect, as represented in moneys uncollected by the agent and moneys collected by the agent and deposited in banks now closed, and shall apply to all actions at law or in equity to recover said unpaid balances which are pending in the courts of this state at the time this act shall take effect.

Legislative History

1935, Act 143, Imd. Eff. June 4, 1935 ;-- CL 1948, 550.232 Compiler's Notes: For transfer of authority, powers, duties, functions, and responsibilities of the insurance bureau and the commissioner of insurance to the commissioner of the office of financial and insurance services and the office of financial and insurance services, see E.R.O. No. 2000-2, compiled at MCL 445.2003 of the Michigan compiled laws.