Michigan Compiled Laws 215-2003-3-6 Part 6 Merger, Consolidation, Conversion (490.371...490.376)

• Section 490.371 Merger Of 1 Or More Credit Unions.
  (1) Two or more domestic credit unions may merge into 1 of the credit unions, or into a newly formed domestic credit union, if...
• Section 490.372 Conversion Of Domestic Credit Union Into Foreign Credit Union.
  (1) A domestic credit union may convert into a foreign credit union under this section if all of the following are met: (a) At...
• Section 490.373 Conversion Of Domestic Credit Union Into Mutual Savings Bank Or Mutual Savings Association.
  (1) A domestic credit union may convert into a mutual savings bank or mutual savings association if all of the following are met: (a)...
• Section 490.374 Conversion Of Domestic Credit Union Into Bank, Stock Savings Bank, Or Stock Savings And Loan Association.
  (1) A domestic credit union may convert into a bank, stock savings bank, or stock savings and loan association if all of the following...
• Section 490.375 Rights, Obligations, Relationships, And Trusts Of Converting Credit Union.
  (1) Except as provided in subsection (2), if a conversion becomes effective under section 372, 373, or 374, the converted entity is a continuation...
• Section 490.376 Conversion Of Foreign Credit Union Into Domestic Credit Union.
  (1) A foreign credit union may convert to a domestic credit union if all of the following are met: (a) The foreign credit union...

Last modified: October 10, 2016