Financial institutions: credit unions; notices to credit union members of certain mergers; modify requirements for. Amends sec. 371 of 2003 PA 215 (MCL 490.371).

Summary

SB 1030 updates Michigan’s credit‑union statutes by altering the notice requirements that credit unions must give members when a merger is proposed. The change affects credit unions and their members, aiming to clarify or improve the information they receive about merger decisions. The bill is currently referred to the Senate Committee on Finance, Insurance, and Consumer Protection.

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