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Mich. Comp. Laws § 550.351

Nonprofit dental care corporation; formation; purpose; types of dental care plans; services in other states; corporation subject to nonprofit corporation act

Applied in 1 court decision — leading case 175 Mich. App. 723 - Michigan Podiatric Medical Ass'n v. National Foot Care Program, Inc. (1989)

Most recently applied in 175 Mich. App. 723 - Michigan Podiatric Medical Ass'n v. National Foot Care Program, Inc. (March 1989)

1963, Act 125, Eff

Sec. 1. (1) Three or more residents of this state may form a nonprofit corporation under the provisions of this act for the purpose of establishing, maintaining, and operating nonprofit dental care plans by which professional licensed dental services are provided at the expense of the corporation to persons who become subscribers to the plans. (2) The dental care plans may be a fee for service plan, administrative service contract, cost-plus arrangement, or a capitation plan. (3) The corporation may establish, maintain, and operate dental care plans to furnish, deliver, indemnify, or finance professional dental services in other states, directly or through affiliate corporations. (4) Except as otherwise provided in this act, a corporation formed under this act is subject to the nonprofit corporation act, Act No. 162 of the Public Acts of 1982, being sections 450.2101 to 450.3192 of the Michigan Compiled Laws.

Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.