Michigan Compiled Laws
Article 2 - Supervision by Commissioner (490.201...490.251)
215-2003-2-3 - Part 3 Conservatorships (490.241...490.245)

Section 490.241 - Appointment of Conservator; Grounds; Bond and Security; Qualifications; Payment of Administrative Expenses. - Sec. 241. (1) If any of the grounds under section...

Section 490.242 - Possession of Books, Records, and Assets; Rights of Parties; Discharge of Real Estate Mortgage. - Sec. 242. (1) Under the direction of the commissioner, a...

Section 490.243 - Withdrawal by Members and Depositors and Payment to Other Creditors; Availability of Amounts; Receipt of Shares and Deposits; Actions; Return of Control to Credit Union Board; Notice. - Sec. 243. (1) While a domestic credit union is in...

Section 490.244 - Authority of Commissioner to Borrow Money; Conditions; Secured Loans. - Sec. 244. With the prior approval of the commissioner, a...

Section 490.245 - Termination of Conservatorship; Determination by Commissioner; Resumption of Business Transactions by Domestic Credit Union; Appointment of Receiver; Liquidation. - Sec. 245. (1) If satisfied that it may be done...