Michigan Compiled Laws
Act 354 of 1996 - Savings Bank Act (487.3101 - 487.3804)
354-1996-7 - Chapter 7 Consolidations, Mergers, and Conversions (487.3701...487.3715)

Section 487.3701 - Consolidated Savings Bank. - Sec. 701. (1) Subject to approval by the commissioner, a...

Section 487.3702 - Consolidated Organization. - ***** 487.3702 SUBDIVISION (a) DOES NOT APPLY AFTER MAY 31,...

Section 487.3703 - Consolidated Savings Bank; Rights, Interests, Privileges, Powers, Restrictions, Disabilities, Liabilities, and Duties. - Sec. 703. (1) When the approval and certification of the...

Section 487.3704 - Consolidated Organization; Service of Process; Prosecution. - Sec. 704. (1) Whether it maintains a presence in this...

Section 487.3705 - Operation of Branches of Consolidated or Acquired Savings Bank. - Sec. 705. (1) A savings bank, an out-of-state bank, or...

Section 487.3706 - Definitions; Consolidation. - Sec. 706. (1) As used in this section: (a) "Existing...

Section 487.3706a - Definitions; Reorganization of Existing Mutual Savings Bank to Mutual Holding Company; Requirements; Organization and Incorporation of New Savings Bank Subsidiary; Approval. - Sec. 706a. (1) As used in this section: (a) "Existing...

Section 487.3707 - Definitions; Terms and Conditions of Conversion or Exchange. - Sec. 707. (1) As used in this section: (a) "Consolidation...

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. - Sec. 708. (1) Upon the affirmative vote of the majority...

Section 487.3709 - Conversion of Federally Chartered Shareholder-Owned Financial Institution Into Savings Bank. - Sec. 709. (1) With the approval of the commissioner, and...

Section 487.3710 - Conversion of State Chartered Shareholder-Owned Financial Institution Into Savings Bank. - Sec. 710. (1) With the approval of the commissioner, and...

Section 487.3711 - Conversion of Member-Owned Federally Chartered Financial Institution Into Mutual Savings Bank. - Sec. 711. (1) With the approval of the commissioner, and...

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. - Sec. 711a. (1) With the approval of the commissioner, and...

Section 487.3712 - Conversion of Member-Owned State Chartered Financial Institution Into Mutual Savings Bank. - Sec. 712. (1) With the approval of the commissioner, and...

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. - Sec. 712a. (1) With the approval of the commissioner, and...

Section 487.3713 - Rights, Obligations, and Relations of Converted and Converting Organization. - Sec. 713. If a conversion becomes effective under this act,...

Section 487.3714 - Liability Not Impaired by Sale of Assets, Consolidation, or Conversion. - Sec. 714. The liability of any savings bank, national banking...

Section 487.3715 - Conversion of Mutual Savings Bank to Stock Savings Bank. - Sec. 715. (1) A mutual savings bank may apply to...