Article 3. Domestic Credit Union Organization and Structure
Part 1. Formation and Operation
- MCL 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
- MCL 490.302 Organization of Credit Union By 2 Or More Credit Unions
- MCL 490.303 Amendment to Certificate of Organization Or Bylaws
- MCL 490.304 Principal Place of Business; Notice of Change In Location; Establishment and Maintenance of Branches; Service Centers; Assumed Names
- MCL 490.305 Books and Records; Availability; Court Order
- MCL 490.306 Conducting Business By Mail Or Electronic Communication
- MCL 490.307 [Repealed]
Part 2. Dissolution
Part 3. Officer, Officials, and Directors
- MCL 490.341 Organizational Meeting; Annual Meeting; Membership; Committees; Qualifications; Notice of Meeting; Removal; Vacancy
- MCL 490.342 Credit Union Board; Election of Officers; General Management; Duties; Delegation to General Manager Or Chief Executive Officer of Domestic Credit Union; Compensation; Removal of Board Member Or Committee Member With Delinquent Loan; Meetings; Associate Board Members; Quorum; Action Taken Without Meeting; Consent; Oath
- MCL 490.343 Suspension Or Removal of Members; Majority of Remaining Members As Quorum; Appointment of Temporary Members
- MCL 490.344 Audits
- MCL 490.345 Supervisory Committee; Duties; Vacancies
Part 4. Members
- MCL 490.351 Annual Meeting; Special Meeting; Voting; Removal of Member
- MCL 490.352 Domestic Credit Union; Membership; Composition; Field of Membership; Application; Approval By Commissioner; Revision; Extension
- MCL 490.353 Membership; Conditions
- MCL 490.354 Acceptance of Trust As Member; Conditions
- MCL 490.355 Designation As Inactive Account
- MCL 490.356 Minor; Deposit, Investment, Or Withdrawal
- MCL 490.357 Suspension of Services Or Termination Or Withdrawal of Membership
Part 5. Capital
- MCL 490.361 Capital; Share Payments; Entrance Fee; Secondary Capital; Liability of Member For Acts, Debts, Or Obligations of Domestic Credit Union; Placement of Lien On Member Account
- MCL 490.362 Dividend; Declaration; Payment; Rate; Amount
- MCL 490.363 Payment to General Administrator Or Executor of Deceased Out-Of-State Resident
Part 6. Merger, Consolidation, Conversion
- MCL 490.371 Credit Unions; Merger
- MCL 490.372 Conversion of Domestic Credit Union Into Foreign Credit Union
- MCL 490.373 Conversion of Domestic Credit Union Into Mutual Savings Bank Or Mutual Savings Association
- MCL 490.374 Conversion of Domestic Credit Union Into Bank, Stock Savings Bank, Or Stock Savings and Loan Association
- MCL 490.375 Rights, Obligations, Relationships, and Trusts of Converting Credit Union
- MCL 490.376 Conversion of Foreign Credit Union Into Domestic Credit Union
Part 7. Administration
- MCL 490.381 Disclosure of Confidential Information
- MCL 490.382 Fiscal Year; Accounting Principles
- MCL 490.383 Discharge of Duties By Officers; Standards; Indemnification
- MCL 490.384 Participation In Deliberation Or Board Action
- MCL 490.385 Payment to Person Claiming Interest In Account; Restrictions
- MCL 490.386 Establishment and Maintenance of Reserves
- MCL 490.387 Insurance of Member Share and Deposit Accounts