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CREDIT UNION ACT (EXCERPT)
Act 215 of 2003
|Section 490.241||Section||Appointment of conservator; grounds; bond and security; qualifications; payment of administrative expenses.
|Section 490.242||Section||Possession of books, records, and assets; rights of parties; discharge of real estate mortgage.
|Section 490.243||Section||Withdrawal by members and depositors and payment to other creditors; availability of amounts; receipt of shares and deposits; actions; return of control to credit union board; notice.
|Section 490.244||Section||Authority of commissioner to borrow money; conditions; secured loans.
|Section 490.245||Section||Termination of conservatorship; determination by commissioner; resumption of business transactions by domestic credit union; appointment of receiver; liquidation.