Michigan § 490.356 - Minor; deposit, investment, or withdrawal.
Full text of Michigan Michigan Compiled Laws § 490.356 — Minor; deposit, investment, or withdrawal., with citation guidance and answers to common questions.
§ 490.356. Minor; deposit, investment, or withdrawal.
A domestic credit union may issue shares to and receive deposits from a minor. The minor may withdraw the deposits or shares and any dividends or interest on the deposits or shares. A deposit, investment in a share, or withdrawal under this section by a minor is valid and enforceable and the minor is considered an adult with respect to that deposit, investment, or withdrawal.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 490.356
What does Michigan Compiled Laws § 490.356 cover?
Section 490.356 ("Minor; deposit, investment, or withdrawal.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 490.356?
A common citation format is "Michigan Compiled Laws § 490.356" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 490.356 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.