214.255 Bylaws.
(1) The division shall approve the bylaws of a savings bank.
(2) Duplicate originals of the bylaws and any subsequent amendments to the bylaws shall be filed with and approved by the division.
(3) The effective date of the bylaws and amendments to the bylaws shall be the date on which they are approved by the division or a later date if the document provides for a different date.
(4) A savings bank shall furnish a copy of its bylaws to any member or stockholder upon request.
(5) The bylaws of the savings bank may be amended as prescribed in the bylaws.
History: 1991 a. 221; 1995 a. 27.
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