State Codes and Statutes
Statutes > Michigan > Chapter-487 > Act-354-of-1996 > 354-1996-3
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 depo
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
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 commiss
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.
State Codes and Statutes
Statutes > Michigan > Chapter-487 > Act-354-of-1996 > 354-1996-3
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 depo
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
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 commiss
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.
State Codes and Statutes
Statutes >
Michigan >
Chapter-487 >
Act-354-of-1996 >
354-1996-3 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 depoSection 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 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 commissSection 487.3334 - Commencement of voluntary liquidation procedures; savings bank as body corporate; actions, suits, or proceedings begun prior to liquidation proceeding; powers of surviving directorsSection 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.
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