There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 487 - FINANCIAL INSTITUTIONS
Act 354 of 1996 - SAVINGS BANK ACT (487.3101 - 487.3804)
354-1996-7 - CHAPTER 7 CONSOLIDATIONS, MERGERS, AND CONVERSIONS (487.3701...487.3715)
SAVINGS BANK ACT (EXCERPT)Act 354 of 1996 Chapter 7
CONSOLIDATIONS, MERGERS, AND CONVERSIONS
- Section 487.3701 - Consolidated savings bank.
- Section 487.3702 - Consolidated organization.
- Section 487.3703 - Consolidated savings bank; rights, interests, privileges, powers, restrictions, disabilities, liabilities, and duties.
- Section 487.3704 - Consolidated organization; service of process; prosecution.
- Section 487.3705 - Operation of branches of consolidated or acquired savings bank.
- Section 487.3706 - Definitions; consolidation.
- Section 487.3706a - Definitions; reorganization of existing mutual savings bank to mutual holding company; requirements; organization and incorporation of new savings bank subsidiary; approval.
- Section 487.3707 - Definitions; terms and conditions of conversion or exchange.
- Section 487.3708 - Conversion 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 487.3709 - Conversion of federally chartered shareholder-owned financial institution into savings bank.
- Section 487.3710 - Conversion of state chartered shareholder-owned financial institution into savings bank.
- Section 487.3711 - Conversion of member-owned federally chartered financial institution into mutual savings bank.
- Section 487.3711a - Conversion of mutual federal savings and loan association, mutual federal savings bank, or other member-owned federally chartered financial institution into stock savings bank.
- Section 487.3712 - Conversion of member-owned state chartered financial institution into mutual savings bank.
- Section 487.3712a - Conversion 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 487.3713 - Rights, obligations, and relations of converted and converting organization.
- Section 487.3714 - Liability not impaired by sale of assets, consolidation, or conversion.
- Section 487.3715 - Conversion of mutual savings bank to stock savings bank.
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