Sec. 5104.
A foreign bank operating a state agency or state foreign bank branch in this state shall, at the times and in the form prescribed by the commissioner, file with the commissioner reports written in the English language, showing the amount of its assets and liabilities and containing other information requested by the commissioner. A foreign bank that fails to comply with this section is subject to the penalty provided in section 3911.
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)
276-1999-5 - Chapter 5 Foreign Banks (487.15101...487.15105)
276-1999-5-STRUCTURE - Structure (487.15101...487.15105)
Section 487.15103 - Termination of Authority to Operate State Agency or State Foreign Bank Branch.
Section 487.15105 - Operations of Foreign Bank at State Foreign Bank Branch or State Agency.