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Michigan · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Mich. Comp. Laws § 490.356: Minor; deposit, investment, or withdrawal.

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Where this section sits in the code
  1. MI Code
  2. Chapter 490
  3. Act Act-215-of-2003

Sec. 356.

A domestic credit union may issue shares to and receive deposits from a minor. The minor may withdraw the deposits or shares and any dividends or interest on the deposits or shares. A deposit, investment in a share, or withdrawal under this section by a minor is valid and enforceable and the minor is considered an adult with respect to that deposit, investment, or withdrawal.

Collected 2026-09-14T18:32:31Z. Source file · JSON

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