Sec. 4303.
Notwithstanding any other section of this act, a bank may invest in other assets authorized by order or declaratory ruling of the commissioner.
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)
276-1999-4 - Chapter 4 Banking Powers (487.14101...487.14406)
276-1999-4-3 - Part 3 Investments (487.14301...487.14310)
Section 487.14301 - Purchasing, Selling, Underwriting, and Holding Investment Securities.
Section 487.14302 - Purchase of Investment Securities.
Section 487.14303 - Investment in Other Assets.
Section 487.14305 - Venture Capital Investments.
Section 487.14306 - Lease, Purchase, Holding, and Conveyance of Real Property.
Section 487.14307 - Acquisition, Development, or Improvement of Real Property for Sale.
Section 487.14308 - Acquisition of Real Property for Use of Customer; Loan Secured by Real Property.