Michigan Compiled Laws
Act 354 of 1996 - Savings Bank Act (487.3101 - 487.3804)
354-1996-2 - Chapter 2 Administration (487.3201...487.3226)

Section 487.3201 - Financial Institutions Bureau; Jurisdiction; Duties of Commissioner; Construction of Act. - Sec. 201. (1) The financial institutions bureau shall have jurisdiction...

Section 487.3202 - Prohibited Conduct. - Sec. 202. Unless the person is organized under this act,...

Section 487.3203 - Federal Insurance of Deposits Required. - Sec. 203. Unless the commissioner, for good cause shown, waives...

Section 487.3204 - Savings Bank; Asset Tests; Loans for Domestic Residential Housing; Failure to Satisfy Asset Tests. - Sec. 204. (1) A savings bank shall satisfy 1 of...

Section 487.3205 - Appointment of Examiners and Employees; Payment of Compensation, Travel, and Expenses. - Sec. 205. The commissioner may appoint examiners and other employees...

Section 487.3206 - Commissioner, Deputy Commissioner, or Examiner; Prohibited Conduct. - Sec. 206. (1) During his or her term of office...

Section 487.3207 - Commissioner, Deputy Commissioner, or Examiner; Civil Liability. - Sec. 207. The commissioner, deputy commissioner, examiner, or other employee...

Section 487.3208 - Rules, Orders, and Declaratory Rulings. - Sec. 208. (1) The commissioner may promulgate rules in addition...

Section 487.3209 - Savings Banks and Entities Subject to Examination by Commissioner. - Sec. 209. (1) A savings bank together with its subsidiaries,...

Section 487.3210 - Schedule of Supervisory Fees; Initial Supervisory Fee. - Sec. 210. (1) The commissioner shall periodically establish a schedule...

Section 487.3211 - Circuit Court Subpoena to Appear; Petition by Commissioner; Scope; Failure to Appear as Contempt. - Sec. 211. The commissioner may petition the circuit court for...

Section 487.3212 - Privilege Against Self-Incrimination; Perjury. - Sec. 212. (1) A person shall not be excused from...

Section 487.3213 - Confidentiality; Exception. - Sec. 213. (1) The commissioner and all deputies, agents, and...

Section 487.3214 - Application for Approval; Requirements; Appeal. - Sec. 214. (1) A savings bank that seeks the commissioner's...

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. - Sec. 215. (1) If in the opinion of the commissioner...

Section 487.3216 - Temporary Cease and Desist Order; Effective and Enforceable; Injunction to Set Aside, Limit, or Suspend Order. - Sec. 216. (1) If the commissioner determines that the violation...

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. - Sec. 217. (1) If in the opinion of the commissioner...

Section 487.3218 - Stay of Suspension or Prohibition; Application to Circuit Court. - Sec. 218. No later than 10 days after a director,...

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 Di... - Sec. 219. (1) If a director or officer of a...

Section 487.3220 - Board of Directors; Less Than Quorum. - Sec. 220. If, because of the suspension or removal of...

Section 487.3221 - Hearing; Decision; Review; Modifying, Terminating, or Setting Aside Order; Commencement of Proceedings Not as Stay of Order. - Sec. 221. (1) A hearing provided for in this chapter...

Section 487.3222 - Notice or Order; Jurisdiction of Court. - Sec. 222. The commissioner may apply to the circuit court...

Section 487.3223 - Prohibited Acts; Fine; Limitation. - Sec. 223. A director or officer, or former director or...

Section 487.3224 - Service of Notice; Intent to Issue Cease and Desist Order; Notice to Governor. - Sec. 224. (1) A service required or authorized to be...

Section 487.3225 - Proceedings Under MCL 487.3215, 487.3216(1), or 487.3217; Notice to Federal Authorities of Intent to Institute Proceedings. - Sec. 225. In connection with a proceeding under section 215,...

Section 487.3226 - Definitions. - Sec. 226. As used in sections 215 to 225: (a)...