Sec. 312. Upon application and approval of the commissioner, a mutual savings bank may amend its articles of incorporation to authorize the issuance of stock and may issue stock. Conversion shall be accomplished in accordance with section 715.
Issuance of stock by mutual savings bank; conversion.
Mich. Comp. Laws § 487.3312, under SAVINGS BANK ACT.
Mich. Comp. Laws § 487.3312