™Your Policy Risk Impact Agent
31 chapters · 495 sections in this title.
Mich. Comp. Laws § 487.3321 Savings bank; stock ledger; designation of transfer agent or registrar of shares; list to be furnished upon request.
1.6K chars
Sec. 321. (1) A stock savings bank shall keep and maintain a stock ledger in which shall be correctly entered the name and address of each shareholder of the savings bank, the number of shares held by each, the date when the shareholder acquired the shares, and the name of the tr…
Mich. Comp. Laws § 487.3322 Savings bank; election of directors; vacancy; bylaws; meetings; chief executive officer; minutes; quorum; notice of meeting.
3.4K chars
Sec. 322. (1) A savings bank shall be managed by a board of not less than 5 nor more than 25 directors who shall be elected in the first instance by the incorporators at a meeting held before the savings bank is authorized to commence business and afterwards at the annual meeting…
Mich. Comp. Laws § 487.3323 Oath.
0.3K chars
Sec. 323. Each director prior to taking office shall take and subscribe an oath that he or she will diligently and honestly perform his or her duties and will not knowingly violate, or permit to be violated, any provisions of this act. The signed oath shall be transmitted to the …
Mich. Comp. Laws § 487.3324 Purchase or sale of securities by director; conditions.
1.7K chars
Sec. 324. (1) A savings bank may contract for, or purchase from, any of its directors, or from any person of which any of the savings bank's directors is an officer, director, manager, owner, employee, or agent, any securities or other property, only when the purchase is made in …