Statutes > Michigan Statutes > Chapter 490 - CREDIT UNIONS > Act 215 of 2003 - CREDIT UNION ACT (490.101 - 490.601) > 215-2003-4 - ARTICLE 4 DOMESTIC CREDIT UNION POWERS (490.401...490.432) > 215-2003-4-1 - PART 1 GENERAL PROVISIONS (490.401...490.412) > Section 490.403 - Domestic credit union; incidental powers.

Section 490.403 - Domestic credit union; incidental powers.

CREDIT UNION ACT (EXCERPT)
Act 215 of 2003

490.403 Domestic credit union; incidental powers.

Sec. 403.

A domestic credit union may exercise any incidental powers that are necessary or required to enable it to effectively carry out the business for which it is organized.


History: 2003, Act 215, Eff. June 1, 2004