Mich. Comp. Laws § 490.306

Current through Public Act 166 of the 2024 Legislative Session

Section 490.306 - Conducting business by mail or electronic communication

With prior written notice to the director, a domestic credit union may conduct its business solely by mail or through electronic communication without having a physical location where members may transact business with the credit union. A domestic credit union conducting business under this section shall maintain a principal place of business in this state.

MCL 490.306

Amended by 2016, Act 153,s 5, eff. 9/7/2016.

Added by 2003, Act 215, s 43, eff. 6/1/2004.