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Code · Michigan · Chapter 487 — Financial Institutions

487.3312 Issuance of stock by mutual savings bank; conversion.

57 words·~1 min read·/mi/chapter-487/487-3312

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487.3312 Issuance of stock by mutual savings bank; conversion.
Sec. 312.
Upon application and approval of the commissioner, a mutual savings bank may amend its articles of incorporation to authorize the issuance of stock and may issue stock. Conversion shall be accomplished in accordance with section 715.
History: 1996, Act 354 , Imd. Eff. July 1, 1996
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