2001 Senate Bill 464 / Public Act 105

Introduced in the Senate

May 9, 2001

Introduced by Sen. Shirley Johnson (R-13)

To establish a procedure by which a state chartered credit union would convert itself into a federally chartered credit union or into a credit union chartered in another state.

Referred to the Committee on Financial Services

May 23, 2001

Amendment offered

To not impair the terms of an existing collective bargaining agreement by the conversion.

The amendment passed by voice vote

May 24, 2001

Passed in the Senate 36 to 0 (details)

Received

To establish a procedure by which a state chartered credit union would convert itself into a federally chartered credit union or into a credit union chartered in another state.

In the House

July 11, 2001

Substitute offered

To adopt a version of the bill recommended by the committee which reported it to the full House.

The substitute passed by voice vote

Amendment offered by Rep. David Woodward (D-34)

To authorize member proxy voting by mail on the issue of conversion.

The amendment passed by voice vote

In the Senate

July 11, 2001

Passed in the Senate 34 to 0 (details)

Received in the House

July 11, 2001

To establish a procedure by which a state chartered credit union would convert itself into a federally chartered credit union or into a credit union chartered in another state.

Passed in the House 100 to 0 (details)

Received in the Senate

July 11, 2001

Signed by Gov. John Engler

July 27, 2001