SB388 — Financial institutions: credit unions; designation of inactive account; allow under certain conditions. Amends sec. 355 of 2003 PA 215 (MCL 490.355).

SB388 — Financial institutions: credit unions; designation of inactive account; allow under certain conditions. Amends sec. 355 of 2003 PA 215 (MCL 490.355). · Informed CitizenryThis bill amends the Credit Union Act to allow a domestic credit union to let a member designate an account as inactive. If an account serves as the basis for more than one individual's membership,…Open in Informed Citizenry