SAVINGS BANK ACT (EXCERPT)
Act 354 of 1996

487.3308 Stock savings bank; stock issuance.

Sec. 308.

A stock savings bank may issue shares of common stock and preferred stock that may be divided into classes and the classes into series.

History: 1996, Act 354, Imd. Eff. July 1, 1996

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Michigan Compiled Laws Complete Through PA 5 of 2025
Courtesy of legislature.mi.gov