PocketLaw | Michigan Compiled Laws | Chapter 3 Corporate Structure

Chapter 3 Corporate Structure (487.3301...487.3339)

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Section
487.3301

Corporation; Formation; Purpose.

Section
487.3302

Organization of Savings Bank; Application; Forms; Notice; Publication Requirements; Waiver; Examination of Information and Statements; Approval or Disapproval of Application.

Section
487.3302a

Organization of Branch by Out-of-State Savings Bank; Proof of Federal Insurance on Deposits; Determination of Compliance; Certificate of Organization and Eligibility to Accept Deposits and Investments of Public Funds.

Section
487.3303

Organization of Savings Bank to Serve Depository Institutions; Application.

Section
487.3304

Organizational Expenses; Reimbursement; Review.

Section
487.3305

Articles of Incorporation.

Section
487.3306

Authorization to Commence Business; Conditions; Verification; Certificate With Official Seal; Application Deemed Abandoned and No Effect; First Meeting.

Section
487.3307

Required Capital; Applicability of Section to Consolidated Organization; Authorization of Stock Savings Bank or Mutual Savings Bank to Commence Business; Total Capital; Maintenance of Surplus Amount.

Section
487.3308

Stock Savings Bank; Stock Issuance.

Section
487.3309

Mutual Savings Bank; Membership.

Section
487.3310

Issuance of Capital Notes, Debentures, and Other Indebtedness.

Section
487.3311

Applicability of Provisions to Voting Stock.

Section
487.3312

Issuance of Stock by Mutual Savings Bank; Conversion.

Section
487.3313

Issuance of Certificates of Stock by Savings Bank.

Section
487.3314

Increase in Capital Stock.

Section
487.3315

Reduction in Capital Stock.

Section
487.3316

Declaration and Payment of Dividends.

Section
487.3317

Mutual Savings Bank; Meetings.

Section
487.3318

Records.

Section
487.3319

Savings Bank; Meetings; Voting.

Section
487.3320

Savings Bank; Meeting Notice.

Section
487.3321

Savings Bank; Stock Ledger; Designation of Transfer Agent or Registrar of Shares; List to Be Furnished Upon Request.

Section
487.3322

Savings Bank; Election of Directors; Vacancy; Bylaws; Meetings; Chief Executive Officer; Minutes; Quorum; Notice of Meeting.

Section
487.3323

Oath.

Section
487.3324

Purchase or Sale of Securities by Director; Conditions.

Section
487.3325

Director or Officer of Savings Bank; Discharge of Duties; Violation; Removal; Vote.

Section
487.3326

Indemnification of Party.

Section
487.3327

Indemnification of Director, Officer, Employee, or Agent.

Section
487.3328

Payment or Reimbursement of Expenses Incurred in Civil or Criminal Action, Suit, or Proceeding.

Section
487.3329

Rights to Indemnification.

Section
487.3330

Insurance; Trust Fund.

Section
487.3330a

Consolidation or Merger; Position of Director, Officer, Employee, or Agent of Depository Institution.

Section
487.3331

Articles of Incorporation; Amendment.

Section
487.3332

Definitions; Best Interests of Savings Bank, Shareholders, or Members.

Section
487.3333

Liquidation; Notice; Certificate of Termination; Designation of Liquidating Agent or Committee; Bond; Reports; Removal; Appointment of New Agent or Committee; Examination by Commissioner; Publication of Notice; Filing and Forwarding Certificate of Termination.

Section
487.3334

Commencement of Voluntary Liquidation Procedures; Savings Bank as Body Corporate; Actions, Suits, or Proceedings Begun Prior to Liquidation Proceeding; Powers of Surviving Directors.

Section
487.3335

Savings Bank; Expiration of Term by Limitation; Extension; Renewal.

Section
487.3336

Sale or Purchase of Assets; Consideration; Purpose; Filing Certified Copies of Proceedings; Liability; Maintenance of Principal Office or Branches.

Section
487.3337

Sale or Purchase of Branches; Notice.

Section
487.3338

Unlimited Amounts or Share of Deposits.

Section
487.3339

Compliance Review Committee; Construction of Section.