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276-1999-2-1 - Part 1 Administration (487.12101...487.12109)
Section 487.12101 - Financial Institutions Bureau; Creation; Jurisdiction; Commissioner; Appointment; Duties; Seal; Other Employment. - Sec. 2101. (1) A financial institutions bureau is created within...
Section 487.12102 - Purpose of Act. - Sec. 2102. This act shall be implemented by the commissioner...
Section 487.12103 - Powers and Duties Vested Under Former Act; Transfer of Property, Books, and Other Papers; Effect of Orders and Rules. - Sec. 2103. (1) The powers and duties vested by law...
Section 487.12104 - Deputies; Appointment by Commissioner; Duties; Revocation. - Sec. 2104. (1) The commissioner shall appoint a chief deputy...
Section 487.12105 - Employees; Appointment by Commissioner; Compensation; Duties; Revocation. - Sec. 2105. (1) The commissioner may appoint employees to carry...
Section 487.12106 - Commissioner, Deputy Commissioner, or Examiner; Prohibited Conduct. - Sec. 2106. (1) During his or her term of office...
Section 487.12107 - Liability; Immunity. - Sec. 2107. The commissioner or any other employee of the...
Section 487.12108 - Annual Report. - Sec. 2108. For each calendar year the commissioner shall compile...
Section 487.12109 - Confidentiality; Disclosures. - Sec. 2109. (1) The commissioner and all deputies, agents, and...
276-1999-2-2 - Part 2 General Powers (487.12201...487.12204)
Section 487.12201 - Rules. - Sec. 2201. The commissioner may promulgate rules under the administrative...
Section 487.12202 - Examination of Institution, Its Subsidiaries, and Service Entities. - Sec. 2202. (1) Each institution and its subsidiaries and service...
Section 487.12203 - Fees; State Bank Regulatory Fund. - Sec. 2203. (1) The director shall periodically establish a schedule...
Section 487.12204 - Declaratory Rulings, Orders, or Determinations. - Sec. 2204. (1) The commissioner may issue declaratory rulings in...
276-1999-2-3 - Part 3 Enforcment Powers (487.12301...487.12315)
Section 487.12301 - Subpoena Powers. - Sec. 2301. The commissioner may petition the circuit court for...
Section 487.12302 - Application. - Sec. 2302. (1) A bank that seeks the commissioner's approval...
Section 487.12303 - Reconsideration of Order, Ruling, or Finding; Hearing. - Sec. 2303. (1) Except with respect to rules promulgated under...
Section 487.12304 - Notice of Charges; Hearing; Issuance of Order to Cease and Desist; Enforcement; Notice to Comptroller of Currency and Attorney General. - Sec. 2304. (1) If in the opinion of the commissioner...
Section 487.12305 - Temporary Cease and Desist Order. - Sec. 2305. (1) If the commissioner determines that the violation...
Section 487.12306 - Conduct Constituting Breach of Fiduciary Duty; Order of Removal or Prohibition. - Sec. 2306. (1) If in the opinion of the commissioner...
Section 487.12307 - Stay of Suspension or Prohibition; Issuance by Court. - Sec. 2307. Within 10 days after the date a person...
Section 487.12308 - Conduct Involving Felony or Misdemeanor Charge; Order of Removal or Prohibition. - Sec. 2308. If any person participating in the conduct of...
Section 487.12309 - Quorum of Board of Directors. - Sec. 2309. If at any time, because of the suspension...
Section 487.12310 - Hearing; Decision; Review; Consent Order; Modification, Termination, or Setting Aside Order. - Sec. 2310. (1) An administrative hearing provided for in section...
Section 487.12311 - Enforcement Powers; Jurisdiction of Court. - Sec. 2311. (1) The commissioner may apply to the circuit...
Section 487.12312 - Prohibited Conduct; Fine. - Sec. 2312. A person, against whom there is outstanding and...
Section 487.12313 - Service of Notice or Order. - Sec. 2313. A service required or authorized to be made...
Section 487.12314 - Notice to Federal Supervisory Authorities. - Sec. 2314. In connection with a proceeding under section 2304,...
Section 487.12315 - Foreign Bank; Prohibited Conduct. - Sec. 2315. (1) If, in the opinion of the commissioner,...
276-1999-2-4 - Part 4 Receiverships and Conservatorships (487.12401...487.12410)
Section 487.12401 - Liquidation; Receiver or Other Liquidating Agent. - Sec. 2401. (1) Except as provided in subsection (2), a...
Section 487.12402 - Appointment of Receiver; Conditions; Procedures. - Sec. 2402. (1) If a bank has refused to pay...
Section 487.12403 - Receiver; Duties; Powers. - Sec. 2403. (1) Subject to court approval, a receiver shall...
Section 487.12404 - Lien on Property or Assets; Voidable Transfer. - Sec. 2404. (1) A transfer of or lien on the...
Section 487.12405 - Records. - Sec. 2405. (1) On approval by the court, the receiver...
Section 487.12406 - Conservator; Appointment; Bond and Security; Qualifications; Expenses. - Sec. 2406. (1) If any of the grounds under section...
Section 487.12407 - Conservator; Rights, Powers, and Privileges. - Sec. 2407. (1) The conservator, under the direction of the...
Section 487.12408 - Deposits Received While Bank in Conservatorship. - Sec. 2408. (1) While a bank is in conservatorship, the...
Section 487.12409 - Authority of Conservator to Borrow Money; Purpose. - Sec. 2409. With the prior approval of the commissioner, the...
Section 487.12410 - Termination of Conservatorship. - Sec. 2410. (1) If satisfied that it may be done...