Michigan Code — CREDIT.UNIONS
Browse 112 sections in division CREDIT.UNIONS of the Michigan code. Each section page includes the full statutory text, official source links, and citation guidance.
Sections (showing up to 300)
- § 490.51. Credit unions; multiple-party accounts; definitions.
- § 490.52. Presumptions of ownership; credit unions liability and set-off rights.
- § 490.53. Deposit or shares paid on demand.
- § 490.54. Equal undivided interests.
- § 490.55. Death of party; effect.
- § 490.56. Survivorship account; death of party, ownership.
- § 490.57. Trust account; beneficial ownership; death of trustee; survivorship.
- § 490.58. Bases of presumptions; evidence to rebut; wills.
- § 490.59. Effect of unrebutted presumptions; transfers, effect.
- § 490.60. Multiple-party accounts; authority to enter; payment; inquiry; creation; joint tenant, rights.
- § 490.61. Multiple-party accounts; withdrawals; survivorship accounts, proof of death.
- § 490.62. Trust accounts; payments.
- § 490.63. Payments; effect; notice of change.
- § 490.64. Right to set-off or lien.
- § 490.65. Repeal.
- § 490.81. Definitions.
- § 490.82. Credit union beneficiary account; rights of owners to money in account; passage of ownership rights to beneficiaries.
- § 490.83. Applicability of act.
- § 490.101. Short title.
- § 490.102. Definitions; A to I.
- § 490.103. Definitions; M to S.
- § 490.104. "Credit union"; use in name or title; restrictions; "corporate" or "corporate central"; use in name.
- § 490.105. Domestic credit union; exemption from tax; exception; stock transfer tax.
- § 490.201. Administration and supervision by director; annual operating fee; limitation; report filed by domestic credit union; delinquent fee; waiver; amendment to bylaws or certificate of organization; examination of accounts, books, and records; "records" defined.
- § 490.202. Fee, fine, or other money received or collected by director; disposition; establishment of credit union regulatory fund.
- § 490.203. Office of financial and insurance services; hearing or proceeding; document retention; order or ruling.
- § 490.204. Immunity.
- § 490.205. Disclosure of information.
- § 490.206. Rules; orders; declaratory rulings.
- § 490.207. Examination by director; conduct; report; document, material, or information; confidentiality; disclosure; demand for production; request for discovery or disclosure; judicial review; appeal; best practices or other improvements; guidance to promote consistency and due process.
- § 490.208. Application for additional powers by domestic credit unions.
- § 490.209. Issuance of subpoena by circuit court.
- § 490.210. Notice of charges; issuance and service; statement of facts; hearing; issuance of cease and desist order; enforcement; violation by foreign or federal credit union.
- § 490.211. Temporary cease and desist order; conditions; injunction for setting aside order.
- § 490.212. Notice of intention to remove person from office or to prohibit participation in conduct of affairs; conditions; hearing; order; issuance; basis; enforcement.
- § 490.213. Stay of suspension or prohibition.
- § 490.214. Individual charged with crime involving dishonesty or breach of trust; suspension from office or prohibition from participation in conduct of affairs; finding of not guilty or other disposition.
- § 490.215. Administrative hearing.
- § 490.216. Enforcement of notice or order; court jurisdiction.
- § 490.217. Person subject to notice or order for violation of law; prohibited conduct; violation as misdemeanor; penalty.
- § 490.218. Report from domestic credit union; requirements; notice; failure of domestic credit union to report by deadline; fine.
- § 490.219. Delivery of order or written notice; methods.
- § 490.220. Civil fine; assessment; limitation; commencement of action by attorney general; determination of amount of fine; conduct of administrative hearing.
- § 490.221. Closure of principal place of business or branch; existence of emergency or legal holiday.
- § 490.231. Liquidation; appointment of federal agency as receiver.
- § 490.232. Appointment of receiver; conditions; proceeding; bond; reporting schedule; subrogation of federal agency to rights of deposit owners.
- § 490.233. Receiver; duties; powers.
- § 490.234. Voidable transfer or lien; person knowingly implementing voidable transfer or lien; personal liability; prohibitions to voiding otherwise voidable transfer; "preference" defined.
- § 490.235. Disposal of obsolete and unnecessary records; maintenance methods; reservation, deposit, and use of assets.
- § 490.241. Appointment of conservator; grounds; bond and security; qualifications; payment of administrative expenses.
- § 490.242. Possession of books, records, and assets; rights of parties; discharge of real estate mortgage.
- § 490.243. Withdrawal by members and depositors and payment to other creditors; availability of amounts; receipt of shares and deposits; actions; return of control to credit union board; notice.
- § 490.244. Authority of commissioner to borrow money; conditions; secured loans.
- § 490.245. Termination of conservatorship; determination by commissioner; resumption of business transactions by domestic credit union; appointment of receiver; liquidation.
- § 490.251. Merger or sale; determination by commissioner; order; “distressed credit union” defined.
- § 490.301. Domestic credit union; membership; organization; approval by commissioner; notice; disapproval; request to reconsider; hearing; appeal; retention by commissioner of original certificate of organization and bylaws; delivery; form.
- § 490.302. Organization of credit union by 2 or more credit unions.
- § 490.303. Amendment to certificate of organization or bylaws.
- § 490.304. Principal place of business; notice of change in location; establishment and maintenance of branches; service centers; assumed names.
- § 490.305. Books and records; availability; court order.
- § 490.306. Conducting business by mail or electronic communication.
- § 490.331. Voluntary or involuntary dissolution.
- § 490.341. Organizational meeting; annual meeting; membership; committees; qualifications; notice of meeting; removal; vacancy.
- § 490.342. Credit union board; election of officers; general management; duties; delegation to general manager or chief executive officer of domestic credit union; compensation; removal of board member or committee member with delinquent loan; meetings; associate board members; quorum; action taken without meeting; consent; oath.
- § 490.343. Suspension or removal of members; majority of remaining members as quorum; appointment of temporary members.
- § 490.344. Audits.
- § 490.345. Supervisory committee; duties; vacancies.
- § 490.351. Annual meeting; special meeting; voting; removal of member.
- § 490.352. Domestic credit union; membership; composition; field of membership; application; approval by commissioner; revision; extension.
- § 490.353. Membership; conditions.
- § 490.354. Acceptance of trust as member; conditions.
- § 490.355. Designation as inactive account.
- § 490.356. Minor; deposit, investment, or withdrawal.
- § 490.357. Suspension of services or termination or withdrawal of membership.
- § 490.361. Capital; share payments; entrance fee; secondary capital; liability of member for acts, debts, or obligations of domestic credit union; placement of lien on member account.
- § 490.362. Dividend; declaration; payment; rate; amount.
- § 490.363. Payment to general administrator or executor of deceased out-of-state resident.
- § 490.371. Credit unions; merger.
- § 490.372. Conversion of domestic credit union into foreign credit union.
- § 490.373. Conversion of domestic credit union into mutual savings bank or mutual savings association.
- § 490.374. Conversion of domestic credit union into bank, stock savings bank, or stock savings and loan association.
- § 490.375. Rights, obligations, relationships, and trusts of converting credit union.
- § 490.376. Conversion of foreign credit union into domestic credit union.
- § 490.381. Disclosure of confidential information.
- § 490.382. Fiscal year; accounting principles.
- § 490.383. Discharge of duties by officers; standards; indemnification.
- § 490.384. Participation in deliberation or board action.
- § 490.385. Payment to person claiming interest in account; restrictions.
- § 490.386. Establishment and maintenance of reserves.
- § 490.387. Insurance of member share and deposit accounts.
- § 490.401. Domestic credit union; powers.
- § 490.402. Corporate credit union; additional powers.
- § 490.403. Domestic credit union; incidental powers.
- § 490.404. Business outside of state.
- § 490.405. Pledging domestic credit union assets as collateral security; limitations.
- § 490.406. Domestic credit union; powers authorized by credit union board; acquisition of interest in real property; definitions.
- § 490.407. Credit union service organizations; organizing, investing, or loaning money; limitations; requirements; definitions.
- § 490.408. Automated information processing services.
- § 490.409. Insurance programs to members.
- § 490.410. Safe deposit department.
- § 490.411. Savings promotion raffle; loan promotion raffle; definitions.
- § 490.412. Check cashing fees.
- § 490.413. Automatic teller machine located on premises of casino, casino enterprise, liquor store, or adult entertainment establishment; preventing access to cash benefits from Michigan bridge card; definitions.
- § 490.421. Credit committee; powers; meetings; loan officers; appeals of loan rejections; designation of secretary; maintenance of records of activities.
- § 490.422. Loan agreement with member or another domestic credit union.
- § 490.423. Loan conditions; repayment; rates, terms, or conditions to officials or family member; open-end credit arrangements; joint loans; guaranteed federal or state loan program; reduced rate loans and extensions; restriction; additional security.
- § 490.424. Property and casualty insurance as condition to mortgage loan.
- § 490.431. Investment of funds not used in member loans; limitations; maintenance of files; plan for divestiture of investment.
- § 490.432. Purchase, sale, or pledge of member obligation.
- § 490.501. Conduct of business by foreign credit union.
- § 490.502. Violations by foreign credit union.
- § 490.601. Repeal of MCL 490.1 to 490.31.