Michigan Compiled Laws 215-2003-3-4 Part 4 Members (490.351...490.357)

• Section 490.351 Annual Meeting; Special Meeting; Voting; Removal Of Member.
  (1) A domestic credit union shall hold an annual meeting of the members each calendar year in the manner indicated in the bylaws. The...
• Section 490.352 Domestic Credit Union; Membership; Composition; Field Of Membership; Application; Approval By Commissioner; Revision; Extension.
  (1) The membership of a domestic credit union is comprised of each person that organized the domestic credit union, and each person that meets...
• Section 490.353 Membership; Conditions.
  (1) Except as provided in this part, ownership of a share is a condition of membership in a domestic credit union. A domestic credit...
• Section 490.354 Acceptance Of Trust As Member; Conditions.
  (1) A domestic credit union may accept a trust as a member if any of the settlors living at the time of application are...
• Section 490.355 Designation As Inactive Account.
  A domestic credit union may allow a member to designate an account upon which his or her membership is based as inactive. If the...
• Section 490.356 Minor; Deposit, Investment, Or Withdrawal.
  A domestic credit union may issue shares to and receive deposits from a minor. The minor may withdraw the deposits or shares and any...
• Section 490.357 Termination Or Withdrawal Of Member.
  (1) A credit union board may terminate the membership of, or terminate some or all services to, a member who does any of the...

Last modified: October 10, 2016