Michigan Compiled Laws
Act 354 of 1996 - Savings Bank Act (487.3101 - 487.3804)
354-1996-6 - Chapter 6 Receiverships and Conservatorships (487.3601...487.3608)

Section 487.3601 - Receiver; Appointment. - Sec. 601. (1) If a savings bank has refused to...

Section 487.3602 - Receiver; Powers; Report to Commissioner. - Sec. 602. (1) Subject to court approval, a receiver may...

Section 487.3603 - Procedures for Liquidation; Limitation. - Sec. 603. The full and exclusive procedures for the liquidation...

Section 487.3604 - Rights of Depositors and Creditors of Closed Savings Bank. - Sec. 604. (1) If a savings bank has been closed...

Section 487.3605 - Conservator; Appointment; Powers; Duties. - Sec. 605. (1) If any of the grounds set forth...

Section 487.3606 - Affairs of Savings Bank Turned Back to Board of Directors; Notice. - Sec. 606. (1) After 15 days from the date upon...

Section 487.3607 - Orders or Declaratory Rulings as to Receivers and Conservators; Compensation and Expenses to Reimburse Bureau. - Sec. 607. (1) The commissioner may issue orders or declaratory...

Section 487.3608 - Reorganization of Savings Bank. - Sec. 608. (1) In a reorganization of a savings bank...