2006 Michigan Compiled Laws - CHAPTER 5 REGULATION (487.3501...487.3514)

SAVINGS BANK ACT (EXCERPT)
Act 354 of 1996
Chapter 5
REGULATION

DocumentDescription
Section 487.3501Impairment of capital.
Section 487.3502Violations; liability of directors or officers.
Section 487.3503Officer or employee as agent in sale of stock or securities; prohibition.
Section 487.3504Receipt of consideration or gratuity prohibited.
Section 487.3505Surety bonds; protection against insurable losses.
Section 487.3506Reports; penalty for failure to report.
Section 487.3507Regulation and prescription of terms, conditions, bylaws, and rules by board of directors.
Section 487.3508Pledge of assets.
Section 487.3509Deposit by savings bank; limitation.
Section 487.3510Insolvency; transfer of assets null and void.
Section 487.3511Property or casualty insurance as condition to mortgage loan.
Section 487.3512Overdrafts.
Section 487.3514Repealed. 2005, Act 192, Imd. Eff. Nov. 7, 2005.

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