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 certific
- 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; branches; service centers; assumed names.
- Section 490.305 - Books and records; availability.
- 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- Section 490.307 - Repealed. 2005, Act 194, Imd.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)
- 215-2003-3-3 - PART 3 OFFICER, OFFICIALS, AND DIRECTORS (490.341...490.345)
- Section 490.341 - Organizational meeting; annual meeting; membership; director; committee members; qualifications; notice of meeting; removal; vacancy.
- Section 490.342 - Credit union board; election of officers; general management; duties; delegation to general manager of domestic credit union; compensation; removal of director or committee member wi
- 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; appointment; 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 - Termination or withdrawal of member.
- 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 - Merger of 1 or more credit unions.
- 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.