Allows Michigan credit unions to set a minimum voting age for members, which can be less than 18 years.
Michigan SB1028 amends the state's credit union laws to allow credit unions to establish a minimum voting age for members in their bylaws. This minimum age can be less than 18 years but must not exceed 18 years. Members with shares can vote on matters at meetings, and non-natural person members can vote through an authorized agent. The bill also retains the requirement for annual member meetings and the election of the credit union board.
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