Sec. 2311.
(1) The commissioner may apply to the circuit court of the county in which the principal office of the institution is located, or to the circuit court for Ingham county, for the enforcement of any effective and outstanding notice or order issued under section 2304, 2305, 2306, 2308, or 2310, including any temporary cease and desist order issued under section 2305(1). The court shall have jurisdiction and power to order and require compliance with the notice or order.
(2) Except as otherwise provided in this section, a court does not have jurisdiction to affect by injunction or otherwise the issuance or enforcement of any notice or order under section 2304, 2305, 2306, 2308, or 2310 or to review, modify, suspend, terminate, or set aside the notice or order.
History: 1999, Act 276, Eff. Mar. 1, 2000
Structure Michigan Compiled Laws
Chapter 487 - Financial Institutions
Act 276 of 1999 - Banking Code of 1999 (487.11101 - 487.15105)
276-1999-2 - Chapter 2 Financial Institutions Bureau (487.12101...487.12410)
276-1999-2-3 - Part 3 Enforcment Powers (487.12301...487.12315)
Section 487.12301 - Subpoena Powers.
Section 487.12302 - Application.
Section 487.12303 - Reconsideration of Order, Ruling, or Finding; Hearing.
Section 487.12305 - Temporary Cease and Desist Order.
Section 487.12306 - Conduct Constituting Breach of Fiduciary Duty; Order of Removal or Prohibition.
Section 487.12307 - Stay of Suspension or Prohibition; Issuance by Court.
Section 487.12308 - Conduct Involving Felony or Misdemeanor Charge; Order of Removal or Prohibition.
Section 487.12309 - Quorum of Board of Directors.
Section 487.12311 - Enforcement Powers; Jurisdiction of Court.
Section 487.12312 - Prohibited Conduct; Fine.
Section 487.12313 - Service of Notice or Order.
Section 487.12314 - Notice to Federal Supervisory Authorities.