MCL - 354-1996-7

SAVINGS BANK ACT (EXCERPT)
Act 354 of 1996
Chapter 7
CONSOLIDATIONS, MERGERS, AND CONVERSIONS
Document Type Description
Section 487.3701 Section Consolidated savings bank.
Section 487.3702 Section Consolidated organization.
Section 487.3703 Section Consolidated savings bank; rights, interests, privileges, powers, restrictions, disabilities, liabilities, and duties.
Section 487.3704 Section Consolidated organization; service of process; prosecution.
Section 487.3705 Section Operation of branches of consolidated or acquired savings bank.
Section 487.3706 Section Definitions; consolidation.
Section 487.3706a Section Definitions; reorganization of existing mutual savings bank to mutual holding company; requirements; organization and incorporation of new savings bank subsidiary; approval.
Section 487.3707 Section Definitions; terms and conditions of conversion or exchange.
Section 487.3708 Section 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 Section Conversion of federally chartered shareholder-owned financial institution into savings bank.
Section 487.3710 Section Conversion of state chartered shareholder-owned financial institution into savings bank.
Section 487.3711 Section Conversion of member-owned federally chartered financial institution into mutual savings bank.
Section 487.3711a Section 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 Section Conversion of member-owned state chartered financial institution into mutual savings bank.
Section 487.3712a Section 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 Section Rights, obligations, and relations of converted and converting organization.
Section 487.3714 Section Liability not impaired by sale of assets, consolidation, or conversion.
Section 487.3715 Section Conversion of mutual savings bank to stock savings bank.