MCL - Index of 354-1996-3

NOTE: Dates reflect any modification to item, not necessarily a change in law.
Title Subject
354-1996-3 CHAPTER 3 CORPORATE STRUCTURE (487.3301...487.3339)
Section 487.3301 Corporation; formation; purpose.
Section 487.3302 Organization of savings bank; application; forms; notice; publication requirements; waiver; examination of information and statements; approval or disapproval of application.
Section 487.3302a Organization of branch by out-of-state savings bank; proof of federal insurance on deposits; determination of compliance; certificate of organization and eligibility to accept deposits and investments of public funds.
Section 487.3303 Organization of savings bank to serve depository institutions; application.
Section 487.3304 Organizational expenses; reimbursement; review.
Section 487.3305 Articles of incorporation.
Section 487.3306 Authorization to commence business; conditions; verification; certificate with official seal; application deemed abandoned and no effect; first meeting.
Section 487.3307 Required capital; applicability of section to consolidated organization; authorization of stock savings bank or mutual savings bank to commence business; total capital; maintenance of surplus amount.
Section 487.3308 Stock savings bank; stock issuance.
Section 487.3309 Mutual savings bank; membership.
Section 487.3310 Issuance of capital notes, debentures, and other indebtedness.
Section 487.3311 Applicability of provisions to voting stock.
Section 487.3312 Issuance of stock by mutual savings bank; conversion.
Section 487.3313 Issuance of certificates of stock by savings bank.
Section 487.3314 Increase in capital stock.
Section 487.3315 Reduction in capital stock.
Section 487.3316 Declaration and payment of dividends.
Section 487.3317 Mutual savings bank; meetings.
Section 487.3318 Records.
Section 487.3319 Savings bank; meetings; voting.
Section 487.3320 Savings bank; meeting notice.
Section 487.3321 Savings bank; stock ledger; designation of transfer agent or registrar of shares; list to be furnished upon request.
Section 487.3322 Savings bank; election of directors; vacancy; bylaws; meetings; chief executive officer; minutes; quorum; notice of meeting.
Section 487.3323 Oath.
Section 487.3324 Purchase or sale of securities by director; conditions.
Section 487.3325 Director or officer of savings bank; discharge of duties; violation; removal; vote.
Section 487.3326 Indemnification of party.
Section 487.3327 Indemnification of director, officer, employee, or agent.
Section 487.3328 Payment or reimbursement of expenses incurred in civil or criminal action, suit, or proceeding.
Section 487.3329 Rights to indemnification.
Section 487.3330 Insurance; trust fund.
Section 487.3330a Consolidation or merger; position of director, officer, employee, or agent of depository institution.
Section 487.3331 Articles of incorporation; amendment.
Section 487.3332 Definitions; best interests of savings bank, shareholders, or members.
Section 487.3333 Liquidation; notice; certificate of termination; designation of liquidating agent or committee; bond; reports; removal; appointment of new agent or committee; examination by commissioner; publication of notice; filing and forwarding certificate of termination.
Section 487.3334 Commencement of voluntary liquidation procedures; savings bank as body corporate; actions, suits, or proceedings begun prior to liquidation proceeding; powers of surviving directors.
Section 487.3335 Savings bank; expiration of term by limitation; extension; renewal.
Section 487.3336 Sale or purchase of assets; consideration; purpose; filing certified copies of proceedings; liability; maintenance of principal office or branches.
Section 487.3337 Sale or purchase of branches; notice.
Section 487.3338 Unlimited amounts or share of deposits.
Section 487.3339 Compliance review committee; construction of section.