490.306 Conducting business by mail or electronic communication.
Sec. 306.
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.
History: 2003, Act 215, Eff. June 1, 2004 ;– Am. 2016, Act 153, Eff. Sept. 7, 2016