Michigan Compiled Laws
Act 232 of 1978 - Suspension of Business of Banks and Savings and Loan Associations (487.941 - 487.946)
Section 487.945 - Period Financial Institution Closed as Legal Holiday.

Sec. 5.
The period during which a financial institution is closed under this act is a legal holiday.
History: 1978, Act 232, Imd. Eff. June 14, 1978 ;-- Am. 2006, Act 134, Imd. Eff. May 12, 2006

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Structure Michigan Compiled Laws

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.

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...

Section 487.943 - Determination Not to Open or to Close Office of Financial Institution During Emergency.

Section 487.944 - Notice of Closing.

Section 487.945 - Period Financial Institution Closed as Legal Holiday.

Section 487.946 - Obligations to Employees Not Altered.