487.3705 Operation of branches of consolidated or acquired savings bank.
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487.3705 Operation of branches of consolidated or acquired savings bank.
Sec. 705.
(1)A savings bank, an out-of-state bank, or a national bank that consolidates its operations with 1 or more banks, out-of-state banks, national banks, associations, or savings banks may operate the consolidated or acquired bank, out-of-state bank, national bank, association, or savings bank branch or branches located in this state as a branch or branches of the consolidated or acquired savings bank.
(2)A consolidated bank or consolidated organization may operate any branches and principal offices located in this state of the consolidating organizations without providing the notice required by section 417.
History: 1996, Act 354 , Imd. Eff. July 1, 1996 ;-- Am. 2000, Act 482 , Imd. Eff. Jan. 11, 2001