MCL - Index of 215-2003-3
NOTE: Dates reflect any modification to item, not necessarily a change in law.
| Title | Subject |
|---|---|
| 215-2003-3 | ARTICLE 3 DOMESTIC CREDIT UNION ORGANIZATION AND STRUCTURE (490.301...490.387) |
| 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. |
| Section 490.302 | Organization of credit union by 2 or more credit unions. |
| Section 490.303 | Amendment to certificate of organization or bylaws. |
| Section 490.304 | Principal place of business; notice of change in location; establishment and maintenance of branches; service centers; assumed names. |
| Section 490.305 | Books and records; availability; court order. |
| Section 490.306 | Conducting business by mail or electronic communication. |
| Section 490.307 | Repealed. 2005, Act 194, Imd. Eff. Nov. 7, 2005. |
| 215-2003-3-2 | PART 2 DISSOLUTION (490.331...490.331) |
| Section 490.331 | Voluntary or involuntary dissolution. |
| 215-2003-3-3 | PART 3 OFFICER, OFFICIALS, AND DIRECTORS (490.341...490.345) |
| Section 490.341 | Organizational meeting; annual meeting; membership; committees; qualifications; notice of meeting; removal; vacancy. |
| Section 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. |
| Section 490.343 | Suspension or removal of members; majority of remaining members as quorum; appointment of temporary members. |
| Section 490.344 | Audits. |
| Section 490.345 | Supervisory committee; duties; vacancies. |
| 215-2003-3-4 | PART 4 MEMBERS (490.351...490.357) |
| Section 490.351 | Annual meeting; special meeting; voting; removal of member. |
| Section 490.352 | Domestic credit union; membership; composition; field of membership; application; approval by commissioner; revision; extension. |
| Section 490.353 | Membership; conditions. |
| Section 490.354 | Acceptance of trust as member; conditions. |
| Section 490.355 | Designation as inactive account. |
| Section 490.356 | Minor; deposit, investment, or withdrawal. |
| Section 490.357 | Suspension of services or termination or withdrawal of membership. |
| 215-2003-3-5 | PART 5 CAPITAL (490.361...490.363) |
| Section 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. |
| Section 490.362 | Dividend; declaration; payment; rate; amount. |
| Section 490.363 | Payment to general administrator or executor of deceased out-of-state resident. |
| 215-2003-3-6 | PART 6 MERGER, CONSOLIDATION, CONVERSION (490.371...490.376) |
| Section 490.371 | Credit unions; merger. |
| Section 490.372 | Conversion of domestic credit union into foreign credit union. |
| Section 490.373 | Conversion of domestic credit union into mutual savings bank or mutual savings association. |
| Section 490.374 | Conversion of domestic credit union into bank, stock savings bank, or stock savings and loan association. |
| Section 490.375 | Rights, obligations, relationships, and trusts of converting credit union. |
| Section 490.376 | Conversion of foreign credit union into domestic credit union. |
| 215-2003-3-7 | PART 7 ADMINISTRATION (490.381...490.387) |
| Section 490.381 | Disclosure of confidential information. |
| Section 490.382 | Fiscal year; accounting principles. |
| Section 490.383 | Discharge of duties by officers; standards; indemnification. |
| Section 490.384 | Participation in deliberation or board action. |
| Section 490.385 | Payment to person claiming interest in account; restrictions. |
| Section 490.386 | Establishment and maintenance of reserves. |
| Section 490.387 | Insurance of member share and deposit accounts. |