There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 487 - FINANCIAL INSTITUTIONS
Act 354 of 1996 - SAVINGS BANK ACT (487.3101 - 487.3804)
354-1996-6 - CHAPTER 6 RECEIVERSHIPS AND CONSERVATORSHIPS (487.3601...487.3608)
SAVINGS BANK ACT (EXCERPT)Act 354 of 1996 Chapter 6
RECEIVERSHIPS AND CONSERVATORSHIPS
- Section 487.3601 - Receiver; appointment.
- Section 487.3602 - Receiver; powers; report to commissioner.
- Section 487.3603 - Procedures for liquidation; limitation.
- Section 487.3604 - Rights of depositors and creditors of closed savings bank.
- Section 487.3605 - Conservator; appointment; powers; duties.
- Section 487.3606 - Affairs of savings bank turned back to board of directors; notice.
- Section 487.3607 - Orders or declaratory rulings as to receivers and conservators; compensation and expenses to reimburse bureau.
- Section 487.3608 - Reorganization of savings bank.
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