Michigan Compiled Laws
Act 354 of 1996 - Savings Bank Act (487.3101 - 487.3804)
354-1996-5 - Chapter 5 Regulation (487.3501...487.3514)

Section 487.3501 - Impairment of Capital. - Sec. 501. (1) If, in the opinion of the commissioner,...

Section 487.3502 - Violations; Liability of Directors or Officers. - Sec. 502. If the directors or officers of a savings...

Section 487.3503 - Officer or Employee as Agent in Sale of Stock or Securities; Prohibition. - Sec. 503. An officer or employee of a savings bank,...

Section 487.3504 - Receipt of Consideration or Gratuity Prohibited. - Sec. 504. An officer, director, or employee of a savings...

Section 487.3505 - Surety Bonds; Protection Against Insurable Losses. - Sec. 505. (1) The board of directors shall require every...

Section 487.3506 - Reports; Penalty for Failure to Report. - Sec. 506. (1) The commissioner may require reports from a...

Section 487.3507 - Regulation and Prescription of Terms, Conditions, Bylaws, and Rules by Board of Directors. - Sec. 507. Notwithstanding any other provision of law, the board...

Section 487.3508 - Pledge of Assets. - Sec. 508. (1) Except as otherwise provided in this section,...

Section 487.3509 - Deposit by Savings Bank; Limitation. - Sec. 509. Except where required or permitted under the federal...

Section 487.3510 - Insolvency; Transfer of Assets Null and Void. - Sec. 510. A transfer of any assets of a savings...

Section 487.3511 - Property or Casualty Insurance as Condition to Mortgage Loan. - Sec. 511. (1) Except as provided in subsection (2), a...

Section 487.3512 - Overdrafts. - Sec. 512. (1) An overdraft existing for 90 days shall...

Section 487.3514 - Repealed. 2005, Act 192, Imd. Eff. Nov. 7, 2005. - Compiler's Notes: The repealed section pertained to filing of a...