Michigan Laws 487.3309 – Mutual savings bank; membership
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Terms Used In Michigan Laws 487.3309
- Bank: means a state banking corporation organized or reorganized under the provisions of the banking code of 1999, 1999 PA 276, MCL 487. See Michigan Laws 487.3102
- Savings bank: means a state banking corporation organized or reorganized under this act. See Michigan Laws 487.3103
The membership of a mutual savings bank shall consist solely of every depositor or holder of a deposit account issued by the savings bank.