REF. NO. | DENOMINATION | DESCRIPTION | NO. ISSUED | CONDITION | VALUE |
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101 | founders share | 1902, green, with coupons | #16, #525 | VF | £60-80 |
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102 | 100 peso share | 1902, blue, with coupons | ? | VF | £60-80 |

Banco de Michoacan S.A.
Formed in 1902 under the 1897 banking law. Badly affected by the 1907 crash and lost its note ussuing privelages in 1908.
Capital $600,000
1902