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2006 Michigan Compiled Laws - CHAPTER 7 CONSOLIDATIONS, MERGERS, AND CONVERSIONS (487.3701...487.3715)

SAVINGS BANK ACT (EXCERPT)
Act 354 of 1996
Chapter 7
CONSOLIDATIONS, MERGERS, AND CONVERSIONS

DocumentDescription
Section 487.3701Consolidated savings bank.
Section 487.3702Consolidated organization.
Section 487.3703Consolidated savings bank; rights, interests, privileges, powers, restrictions, disabilities, liabilities, and duties.
Section 487.3704Consolidated organization; service of process; prosecution.
Section 487.3705Operation of branches of consolidated or acquired savings bank.
Section 487.3706Definitions; consolidation.
Section 487.3706aDefinitions; reorganization of existing mutual savings bank to mutual holding company; requirements; organization and incorporation of new savings bank subsidiary; approval.
Section 487.3707Definitions; terms and conditions of conversion or exchange.
Section 487.3708Conversion of savings bank into stock association or national banking association; conversion of mutual savings bank into state or federal mutual savings and loan association.
Section 487.3709Conversion of federally chartered shareholder-owned financial institution into savings bank.
Section 487.3710Conversion of state chartered shareholder-owned financial institution into savings bank.
Section 487.3711Conversion of member-owned federally chartered financial institution into mutual savings bank.
Section 487.3711aConversion of mutual federal savings and loan association, mutual federal savings bank, or other member-owned federally chartered financial institution into stock savings bank.
Section 487.3712Conversion of member-owned state chartered financial institution into mutual savings bank.
Section 487.3712aConversion of mutual state savings and loan association, or mutual state savings bank, or other member-owned state chartered financial institution into stock savings bank.
Section 487.3713Rights, obligations, and relations of converted and converting organization.
Section 487.3714Liability not impaired by sale of assets, consolidation, or conversion.
Section 487.3715Conversion of mutual savings bank to stock savings bank.

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