There is a newer version of the Michigan Compiled Laws
2014 Michigan Compiled Laws
Chapter 487 - FINANCIAL INSTITUTIONS
Act 354 of 1996 SAVINGS BANK ACT (487.3101 - 487.3804)***** 487.3702 SUBDIVISION (a) DOES NOT APPLY AFTER MAY 31, 1997: See subdivision (a) of 487.3702 *****
354-1996-2 CHAPTER 2 ADMINISTRATION (487.3201...487.3226)
- Section 487.3201 Financial institutions bureau; jurisdiction; duties of commissioner; construction of act.
- Section 487.3202 Prohibited conduct.
- Section 487.3203 Federal insurance of deposits required.
- Section 487.3204 Savings bank; asset tests; loans for domestic residential housing; failure to satisfy asset tests.
- Section 487.3205 Appointment of examiners and employees; payment of compensation, travel, and expenses.
- Section 487.3206 Commissioner, deputy commissioner, or examiner; prohibited conduct.
- Section 487.3207 Commissioner, deputy commissioner, or examiner; civil liability.
- Section 487.3208 Rules, orders, and declaratory rulings.
- Section 487.3209 Savings banks and entities subject to examination by commissioner.
- Section 487.3210 Schedule of supervisory fees; initial supervisory fee.
- Section 487.3211 Circuit court subpoena to appear; petition by commissioner; scope; failure to appear as contempt.
- Section 487.3212 Privilege against self-incrimination; perjury.
- Section 487.3213 Confidentiality; exception.
- Section 487.3214 Application for approval; requirements; appeal.
- Section 487.3215 Unsafe or unsound practice or violation; notice of charges; hearing; order to cease and desist; effect and enforcement; out-of-state bank branch.
- Section 487.3216 Temporary cease and desist order; effective and enforceable; injunction to set aside, limit, or suspend order.
- Section 487.3217 Intent by commissioner to remove director or officer from office; notice; suspension or prohibition; effective date; service of copies of notice; statement of facts; hearing; issuance of order; effect and enforcement.
- Section 487.3218 Stay of suspension or prohibition; application to circuit court.
- Section 487.3219 Felony charge involving dishonesty or breach of trust by director or officer; suspension or prohibition; duration; entry of conviction; order of removal from office or prohibition; service of copy; finding of not guilty or other disposition.
- Section 487.3220 Board of directors; less than quorum.
- Section 487.3221 Hearing; decision; review; modifying, terminating, or setting aside order; commencement of proceedings not as stay of order.
- Section 487.3222 Notice or order; jurisdiction of court.
- Section 487.3223 Prohibited acts; fine; limitation.
- Section 487.3224 Service of notice; intent to issue cease and desist order; notice to governor.
- Section 487.3225 Proceedings under MCL 487.3215, 487.3216(1), or 487.3217; notice to federal authorities of intent to institute proceedings.
- Section 487.3226 Definitions.
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