Michigan Compiled Laws 215-2003-3-1 Part 1 Formation And Operation (490.301...490.307)

• Section 490.301 Domestic Credit Union; Membership; Organization; Approval By Commissioner; Notice; Disapproval; Request To Reconsider; Hearing; Appeal; Retention By Commissioner Of Original Certificate Of Organization And Bylaws; Delivery; Form.
  (1) Seven individuals, a majority of whom are residents of this state and all of whom are within the proposed field of membership of...
• Section 490.302 Organization Of Credit Union By 2 Or More Credit Unions.
  Two or more credit unions may file an application to organize a corporate credit union under this act. History: 2003, Act 215, Eff. June...
• Section 490.303 Amendment To Certificate Of Organization Or Bylaws.
  If approved by a majority of the members present at a duly constituted annual or special meeting of the members, the membership may amend...
• Section 490.304 Principal Place Of Business; Branches; Service Centers; Assumed Names.
  (1) A domestic credit union may change the location of its principal place of business within this state if it provides the commissioner with...
• Section 490.305 Books And Records; Availability.
  (1) A domestic credit union shall maintain its books and records at its principal place of business filed with the commissioner under section 304...
• Section 490.306 Conducting Business By Mail Or Electronic Communication.
  With the prior approval of the commissioner, a domestic credit union may conduct its business solely by mail or through electronic communication without having...
• Section 490.307 Repealed. 2005, Act 194, Imd. Eff. Nov. 7, 2005.
  Compiler's Notes: The repealed section pertained to filing of a supicious activity report by a domestic credit union with a federal agency.

Last modified: October 10, 2016