SB 1027·MI·senate
Financial institutions: credit unions; requirements for amending the bylaws of credit unions; modify. Amends sec. 303 of 2003 PA 215 (MCL 490.303).
Reported by CommitteeFiled Jun 10, 2026
Sponsor: Mary Cavanagh (D)
Latest Action
REFERRED TO COMMITTEE OF THE WHOLE WITH SUBSTITUTE (S-1)
Oct 27, 2026
Summary
The Senate bill changes the existing statute (MCL 490.303) that sets the requirements for credit unions to amend their bylaws. It affects all Michigan credit unions by altering the procedural rules they must follow. The measure is currently referred to the Finance, Insurance, and Consumer Protection Committee.
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