Michigan Laws 550.1863 – Definitions
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 550.1863
- Eligible entity: means a faith-based, nonprofit entity that maintains tax-exempt status under section 501(c) of the internal revenue code, 26 USC 501. See Michigan Laws 550.1863
As used in this act:
(a) “Eligible entity” means a faith-based, nonprofit entity that maintains tax-exempt status under section 501(c) of the internal revenue code, 26 USC 501.
(b) “Health care sharing ministry” or “ministry” means a program established by an eligible entity for the sharing of finances and health care in compliance with this act.