Main Content Act 31 of 1992 friendly link printer friendly bills affecting mcl index link Search within this Statute for BENEFICIARY ACCOUNTS IN CREDIT UNIONSAct 31 of 1992AN ACT to provide for beneficiary accounts in credit unions; to allow for the passage of title to the named beneficiary; and to prescribe the powers and duties of the credit union. History: 1992, Act 31, Imd. Eff. Apr. 17, 1992 The People of the State of Michigan enact: DocumentTypeDescription Section 490.81SectionDefinitions. Section 490.82SectionCredit union beneficiary account; rights of owners to money in account; passage of ownership rights to beneficiaries. Section 490.83SectionApplicability of act.