2006 Michigan Compiled Laws - CHAPTER 6 RECEIVERSHIPS AND CONSERVATORSHIPS (487.3601...487.3608)

SAVINGS BANK ACT (EXCERPT)
Act 354 of 1996
Chapter 6
RECEIVERSHIPS AND CONSERVATORSHIPS

DocumentDescription
Section 487.3601Receiver; appointment.
Section 487.3602Receiver; powers; report to commissioner.
Section 487.3603Procedures for liquidation; limitation.
Section 487.3604Rights of depositors and creditors of closed savings bank.
Section 487.3605Conservator; appointment; powers; duties.
Section 487.3606Affairs of savings bank turned back to board of directors; notice.
Section 487.3607Orders or declaratory rulings as to receivers and conservators; compensation and expenses to reimburse bureau.
Section 487.3608Reorganization of savings bank.

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