2006 Michigan Compiled Laws - Act 31 of 1992


BENEFICIARY ACCOUNTS IN CREDIT UNIONS

Act 31 of 1992

AN ACT to provide for beneficiary accounts in credit unions; to allow for the passage of title to the named beneficiary; and to prescribe the powers and duties of the credit union.


History: 1992, Act 31, Imd. Eff. Apr. 17, 1992




The People of the State of Michigan enact:

DocumentDescription
Section 490.81Definitions.
Section 490.82Credit union beneficiary account; rights of owners to money in account; passage of ownership rights to beneficiaries.
Section 490.83Applicability of act.

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