Section 487.3308 - Stock savings bank; stock issuance.
SAVINGS BANK ACT (EXCERPT)
Act 354 of 1996
487.3308 Stock savings bank; stock issuance.
Sec. 308.
A stock savings bank may issue shares of common stock and preferred stock that may be divided into classes and the classes into series.
History: 1996, Act 354, Imd. Eff. July 1, 1996