Michigan Compiled Laws
Chapter 487 - Financial Institutions
Act 232 of 1978 - Suspension of Business of Banks and Savings and Loan Associations (487.941 - 487.946)

Section 487.941 - Definitions. - Sec. 1. As used in this act: (a) "Commissioner" means...

Section 487.942 - Authorizing or Ordering Financial Institutions to Close Offices Because of Existing or Impending Emergency; Duration; Advising Governor; Authorization to Close Financial Institution on Day of National Mourning, Rejoicing, or Other S... - Sec. 2. (1) The commissioner may authorize or order a...

Section 487.943 - Determination Not to Open or to Close Office of Financial Institution During Emergency. - Sec. 3. If the commissioner has not made a determination...

Section 487.944 - Notice of Closing. - Sec. 4. (1) A financial institution closing or not opening...

Section 487.945 - Period Financial Institution Closed as Legal Holiday. - Sec. 5. The period during which a financial institution is...

Section 487.946 - Obligations to Employees Not Altered. - Sec. 6. This act does not alter any of the...