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Michigan Compiled Laws, Chapter 550. General Insurance Laws § 550.1311

Current as of January 01, 2025 | Updated by Findlaw Staff

Sec. 311. Each director or officer of a health care corporation shall be individually liable for the misapplication or misuse of corporate money or property caused through the neglect or failure of that director or officer to discharge his or her duties in compliance with the standards prescribed in section 310,  1 or through wilful violation of this act or other laws governing the health care corporation.

1 M.C.L.A. § 550.1310.
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Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 550. General Insurance Laws § 550.1311 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-550-general-insurance-laws/mi-comp-laws-550-1311/

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