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NOTE: Dates reflect any modification to item, not necessarily a change in law.

Chapter 487 - FINANCIAL INSTITUTIONS
Act 341 of 1937 ‑ Repealed-THE MICHIGAN FINANCIAL INSTITUTIONS ACT (487.1 - 487.292)
Act 319 of 1969 ‑ Repealed-BANKING CODE OF 1969 (487.301 - 487.598)
Act 240 of 1931 ‑ Repealed-THE BANK COLLECTION CODE (487.601 - 487.617)
Act 390 of 1925 ‑ Repealed-PAPER PRESENTED ONE YEAR AFTER DATE (487.621 - 487.621)
Act 386 of 1919 ‑ Repealed-FORWARDING OF NEGOTIABLE PAPER (487.641 - 487.641)
Act 165 of 1865 ‑ Repealed-MARKING COUNTERFEIT, ALTERED, OR WORTHLESS BILLS (487.651 - 487.652)
Act 95 of 1907 ‑ Repealed-FORGED OR RAISED CHECKS (487.661 - 487.661)
Act 378 of 1919 ‑ Repealed-NONPAYMENT OF CHECK (487.671 - 487.671)
Act 348 of 1925 ‑ Repealed-REVOCATION, COUNTERMAND, OR STOP-PAYMENT ORDER (487.681 - 487.682)
Act 349 of 1925 ‑ ADVERSE CLAIM TO BANK DEPOSIT (487.691 - 487.691)
     Section 487.691 ‑ Adverse claim to bank deposit; notice; restraining order; exception.
Act 248 of 1909 ‑ PAYMENT OF DEPOSITS (487.701 - 487.703)
     Section 487.701 ‑ Minor's deposit; payment; receipt or acquittance sufficient.
     Section 487.702 ‑ Trust deposit; death of trustees; payment of deposit; receipt or acquittance as release and discharge.
     Section 487.703 ‑ Deposit in name of joint beneficiaries; payment; receipt sufficient; deposits made payable to survivor; prima facie evidence.
Act 53 of 1978 ‑ STATUTORY JOINT ACCOUNT ACT (487.711 - 487.719)
     Section 487.711 ‑ Short title.
     Section 487.712 ‑ Meanings of words and phrases.
     Section 487.713 ‑ Definitions.
     Section 487.714 ‑ Additional definitions.
     Section 487.715 ‑ Statutory joint account; creation; signing contract; form of contract; acknowledging receipt of contract; adding additional parties; modifying form of contract.
     Section 487.716 ‑ Nature and effect of statutory joint accounts; failure to answer question in contract.
     Section 487.717 ‑ Withdrawals of funds; liability of financial institution; deposits subject to setoff.
     Section 487.718 ‑ Deposits subject to rights of creditors; laws applicable to transfers in fraud of creditors; claims against insolvent estate of deceased owner of statutory joint account.
     Section 487.719 ‑ Payment of widow's allowance or allowance for dependent children upon death of person owning deposits in statutory joint account.
Act 330 of 1939 ‑ JOINT SAFE DEPOSIT BOX (487.721 - 487.721)
     Section 487.721 ‑ Safe deposit box rented to joint holders; rights of various holders and survivors; exceptions.
Act 146 of 1941 ‑ U.S. DEFENSE SAVINGS BONDS (487.731 - 487.732)
     Section 487.731 ‑ U.S. defense savings bonds; banks and trust companies authorized as issuing agent for sale of; deposit or pledge of assets.
     Section 487.732 ‑ Pledging of assets; limitation of financial institutions act not otherwise affected.
Act 2 of 1935 ‑ LOANS UNDER NATIONAL HOUSING ACT (487.751 - 487.753)
     Section 487.751 ‑ National housing act; state financial institutes' authorized transactions; collateral.
     Section 487.752 ‑ Construction of act as to effect of state laws.
     Section 487.753 ‑ Declaration of necessity.
Act 29 of 1932 (1st Ex. Sess.) ‑ Repealed-RECEIVER OF PRIVATE BANK (487.761 - 487.761)
Act 160 of 1859 ‑ BROKERS AND EXCHANGE DEALERS (487.801 - 487.807)
     Section 487.801 ‑ Certificate of brokers; necessity; filing with county clerk; contents; public inspection.
     Section 487.802 ‑ Certificate of brokers; new certificate, cause, prior liability.
     Section 487.803 ‑ Certificate of brokers; evidence of facts.
     Section 487.804 ‑ Violation of act; penalty.
     Section 487.806 ‑ Advertisement or representation of nature of business; violation, penalty; exception.
     Section 487.807 ‑ Violation of act; procedure for collection of penalties.
Act 158 of 1956 ‑ Repealed-DEVELOPMENT CREDIT CORPORATIONS (487.831 - 487.848)
Act 117 of 1963 ‑ Repealed-BUSINESS DEVELOPMENT CORPORATIONS (487.851 - 487.867)
Act 76 of 1979 ‑ Repealed-MICHIGAN BUSINESS DEVELOPMENT CORPORATION (487.871 - 487.891)
Act 136 of 1960 ‑ Repealed-SALE OF CHECKS ACT (487.901 - 487.916)
Act 355 of 1976 ‑ Repealed-COSTS OF REGULATION OF FINANCIAL ORGANIZATIONS AND FINANCE COMPANIES (487.931 - 487.937)
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 special observance.
     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.
Act 250 of 2006 ‑ MONEY TRANSMISSION SERVICES ACT (487.1001 - 487.1047)
     Section 487.1001 ‑ Short title.
     Section 487.1002 ‑ Definitions; A to L.
     Section 487.1003 ‑ Definitions; M to T.
     Section 487.1004 ‑ Applicability of act.
     Section 487.1011 ‑ Money transmission services; license required; exception.
     Section 487.1012 ‑ License application; form; information required.
     Section 487.1013 ‑ Financial statements; net worth; qualification to do business; application fee; surety bond; aggregate liability of surety; limitation.
     Section 487.1014 ‑ Investigation; completed application; time period; issuance of license; fee; extension of time period; denial; request for hearing.
     Section 487.1015 ‑ Fee schedule; expiration and renewal of license.
     Section 487.1016 ‑ Travel expenses; recovery of fees and fines; collection; disposition.
     Section 487.1021 ‑ Information obtained in examination or investigation; disclosure prohibited.
     Section 487.1022 ‑ Joint examination or investigation.
     Section 487.1023 ‑ Changed information; filing; events requiring filing of report.
     Section 487.1024 ‑ Proposed change of control of licensee; request for approval; additional information; approval by commissioner; determination.
     Section 487.1025 ‑ Records.
     Section 487.1026 ‑ Disclosure of information.
     Section 487.1031 ‑ Permissible investments.
     Section 487.1032 ‑ Investments permitted under MCL 487.1031; limitation.
     Section 487.1033 ‑ Agreement between licensee and authorized delegate.
     Section 487.1034 ‑ Authorized delegate; prohibited conduct; duties.
     Section 487.1041 ‑ Denying, suspending, not renewing, or revoking license; placing license in receivership; revoking designation of authorized delegate; conditions.
     Section 487.1042 ‑ Violations; penalties; restitution.
     Section 487.1043 ‑ Summary suspension order.
     Section 487.1044 ‑ Cease and desist order.
     Section 487.1045 ‑ Rules.
     Section 487.1046 ‑ Civil fine.
     Section 487.1047 ‑ Order suspending or prohibiting person from being licensee and from being employed by, agent of, or control person of licensee.
Act 89 of 1986 ‑ MICHIGAN BIDCO ACT (487.1101 - 487.2001)
     89‑1986‑1 ‑ ARTICLE 1 SHORT TITLE, PURPOSES, AND DEFINITIONS (487.1101...487.1106)
          Section 487.1101 ‑ Short title.
          Section 487.1102 ‑ Purposes of act.
          Section 487.1103 ‑ Meanings of words and phrases.
          Section 487.1104 ‑ Definitions; A to C.
          Section 487.1105 ‑ Definitions; I to M.
          Section 487.1106 ‑ Definitions; O to T.
     89‑1986‑2 ‑ ARTICLE 2 REGULATION, REPORTING, AND EXAMINATION (487.1201...487.1217)
          Section 487.1201 ‑ Administration of act; orders; rules; imposition of conditions; applications for declaratory rulings; judicial review.
          Section 487.1203 ‑ Application; form; information; business plan.
          Section 487.1205 ‑ Investigations; purposes; oaths and affirmations; witnesses; evidence; documents or records; failure to comply with subpoena.
          Section 487.1207 ‑ Service of process.
          Section 487.1209 ‑ Establishment of annual schedule of fees; payment; action for recovery of fees or penalties; failure to submit report; disposition.
          Section 487.1211 ‑ Books, accounts, and other records of licensee; location and preservation; valuation of assets; audit report.
          Section 487.1213 ‑ Making or keeping of books, accounts, or other records by person other than licensee; applicability of act; approval of commissioner.
          Section 487.1215 ‑ Filing reports with commissioner; form; contents.
          Section 487.1216 ‑ Publication and distribution of information on impact of act.
          Section 487.1217 ‑ Examination of licensee or subsidiary of licensee; exhibiting books, accounts, and other records; facilitating examination; retention of person to assist commissioner.
     89‑1986‑3 ‑ ARTICLE 3 LICENSING (487.1301...487.1317)
          Section 487.1301 ‑ Licensure; eligibility.
          Section 487.1303 ‑ Review of information; approval of application for license; determinations; net worth; findings; grounds.
          Section 487.1304 ‑ Business development enterprise; designation; application; criteria; notification by board of Michigan strategic fund.
          Section 487.1304a ‑ Reports.
          Section 487.1305 ‑ Application for preliminary approval of application for license; order; conditions to final approval; fee.
          Section 487.1307 ‑ Denial of application; written statement of explanation.
          Section 487.1309 ‑ License; issuance; posting; nontransferable and nonassignable.
          Section 487.1311 ‑ Prohibited representations; permissible acts.
          Section 487.1313 ‑ Misrepresentation of license.
          Section 487.1315 ‑ Michigan corporation or limited liability company licensed under another law.
          Section 487.1317 ‑ Application to commissioner to accept surrender of license; approval; notice to owners and creditors; filing objection; sending copy of objection to commissioner.
     89‑1986‑4 ‑ ARTICLE 4 CORPORATE MATTERS (487.1401...487.1407)
          Section 487.1401 ‑ Name of licensee; inclusion of word "BIDCO."
          Section 487.1403 ‑ Board of directors; number of directors; membership; meetings.
          Section 487.1405 ‑ Death, resignation, or removal of director, officer, or manager; election of director; appointment of officer or manager; notice to commissioner; additional information.
          Section 487.1407 ‑ Dividend and distribution policies; buying back share of stock or membership interest.
     89‑1986‑5 ‑ ARTICLE 5 TRANSACTION OF BUSINESS (487.1501...487.1513)
          Section 487.1501 ‑ Offices of licensee; number; location; posting sign bearing corporate name; personnel; establishing, relocating, or closing office.
          Section 487.1503 ‑ Business of licensee; powers and privileges of licensee.
          Section 487.1505 ‑ Forms, terms, and conditions of financing assistance; participation in program of small business administration; compliance; scope of management assistance; purpose of financing assistance or management assistance; exercise of incidental powers; extension of credit; interest; violation as felony; penalty; “interest” defined.
          Section 487.1507 ‑ Holding control of business firm; order approving or denying application; “hold control” defined; plan for acquiring and holding control of business firm; demonstrating necessity to hold control of business firm.
          Section 487.1509 ‑ Transacting business in safe and sound manner; considering risks; authority of commissioner not limited.
          Section 487.1511 ‑ Definitions; transactions involving potential conflict of interest; authority of commissioner to determine conflict of interest not limited.
          Section 487.1513 ‑ Lien on or security interest in property of licensee.
     89‑1986‑6 ‑ ARTICLE 6 MERGERS AND ACQUISITIONS (487.1601...487.1603)
          Section 487.1601 ‑ Acquiring control of licensee; application for approval; determinations by commissioner.
          Section 487.1603 ‑ Merger of licensee with another business firm; conditions; purchase by licensee of business of another person; sale of business; application for approval of merger, purchase, or sale; determinations.
     89‑1986‑7 ‑ ARTICLE 7 ENFORCEMENT (487.1701...487.1719)
          Section 487.1701 ‑ Action to enjoin violation or enforce compliance; restraining order, preliminary or permanent injunction, or writ of mandamus; appointment of receiver or conservator; bond.
          Section 487.1703 ‑ Violation of MCL 487.1311; cease and desist order; filing application for hearing on order; rescission of order; judicial review.
          Section 487.1705 ‑ Cease and desist order; affirmative action to correct condition; application for hearing on order; affirming, modifying, or rescinding order; judicial review.
          Section 487.1707 ‑ Order removing subject person from office and prohibiting further participation in business of licensee; notice and hearing; determinations; order suspending subject person from office and prohibiting further participation in business of licensee; application for hearing on order; affirming, modifying, or rescinding order; judicial review; “office” defined.
          Section 487.1709 ‑ Crime involving dishonesty or breach of trust; order suspending subject person from office and prohibiting further participation in business of licensee; application for hearing on order; affirming, modifying, or rescinding order; judicial review; conviction not required; “office” defined.
          Section 487.1711 ‑ Disclosure to owners.
          Section 487.1713 ‑ Calling meeting of board of directors of licensee or of owners of licensee; notice; expenses.
          Section 487.1715 ‑ Order directing licensee to refrain from providing additional financing assistance to business firms; notice and hearing; determinations; request for hearing; affirming, modifying, or rescinding order; resumption of financing assistance; application to modify or rescind order.
          Section 487.1717 ‑ Appointment of conservator for licensee; reimbursement of expenses of conservatorship; powers and duties of conservator; liquidation of licensee; appointment of receiver; determinations; manner of liquidation.
          Section 487.1719 ‑ Violation of act; amount and disposition of civil penalty; applicability of section; provisions cumulative; liability for certain violations.
     89‑1986‑8 ‑ ARTICLE 8 CERTAIN UNLAWFUL ACTIVITIES (487.1801...487.1819)
          Section 487.1801 ‑ Definitions.
          Section 487.1803 ‑ Willful untrue statement or omission of material fact in application or report.
          Section 487.1805 ‑ Willful refusal to allow inspection or making copies of books, accounts, and other records.
          Section 487.1807 ‑ Books, accounts, or other records; false entries; omission of required entry; alteration, concealment, or destruction.
          Section 487.1809 ‑ Financing assistance to associate of licensee.
          Section 487.1811 ‑ Financing assistance to discharge obligation to associate of licensee; transactions to which section inapplicable.
          Section 487.1813 ‑ Financing assistance to business firm to which associate of licensee provides financing assistance; applicability of section.
          Section 487.1815 ‑ Compensation of associate of licensee for procuring or influencing licensee's action with respect to providing financing assistance; section inapplicable to fees received for bona fide closing services; criteria.
          Section 487.1817 ‑ Exemptions.
          Section 487.1819 ‑ Violation of article; penalty; applicability of section; power of state to punish not limited by act.
     89‑1986‑9 ‑ ARTICLE 9 GENERAL PROVISIONS (487.1901...487.1905)
          Section 487.1901 ‑ Liberal construction.
          Section 487.1903 ‑ Proceedings subject to administrative procedures act; exemptions.
          Section 487.1905 ‑ Applicability of provisions of licensee's incorporating or organizing statute.
     89‑1986‑10 ‑ ARTICLE 10 REPEAL (487.2001...487.2001)
          Section 487.2001 ‑ Repeal of MCL 487.851 to 487.867; certain statutory references considered references to BIDCO.
Act 161 of 1988 ‑ CONSUMER FINANCIAL SERVICES ACT (487.2051 - 487.2072)
     Section 487.2051 ‑ Short title.
     Section 487.2052 ‑ Definitions.
     Section 487.2053 ‑ License required to engage in business activity; exceptions.
     Section 487.2054 ‑ License application.
     Section 487.2055 ‑ License fee; investigation fee; financial statements; net worth requirements.
     Section 487.2056 ‑ Surety bond or letter of credit.
     Section 487.2057 ‑ Investigation of license applicant by commissioner; issuance and delivery of license; expiration of license; renewal of license; fee; penalty for delinquent payment.
     Section 487.2058 ‑ License certificate; availability of copy; transferability; changing name or place of business; operating one place of business under same license; additional place of business; ceasing business activities.
     Section 487.2059 ‑ Compliance; exemption of licensee from certain provisions of financial licensing acts; purchase of certain contracts; loans; employment of individual as loan officer to originate mortgage loans or secondary mortgage loan officer to originate secondary mortgage loans; "employ" defined.
     Section 487.2060 ‑ Suspension or revocation of license; notice; hearing; determination; appeal; grounds for suspending, revoking, or refusing to renew license; suspension or revocation of activities; investigations, examinations, and hearings; evidence; failure to comply with subpoena; cease and desist order.
     Section 487.2060a ‑ Request for reconsideration.
     Section 487.2060b ‑ Hearing; judicial review.
     Section 487.2060c ‑ Enforcement of notice or order.
     Section 487.2060d ‑ Summary suspension; order; hearing; record.
     Section 487.2060e ‑ Summary suspension order, cease and desist order, or injunctive relief as additional legal action.
     Section 487.2060f ‑ Investigation or examination by commissioner; complaint or action; suspension of license; request for hearing; duration of suspension.
     Section 487.2060g ‑ Fraud or money laundering; definitions.
     Section 487.2060h ‑ Hearing; decision; findings; judicial review; stay.
     Section 487.2060i ‑ Enforcement of order; jurisdiction.
     Section 487.2060j ‑ Violation as misdemeanor; penalty.
     Section 487.2060k ‑ Violation of order; exceptions.
     Section 487.2061 ‑ Annual schedule of fees; fees nonrefundable; action for recovery of fees or penalties; disposition of money received.
     Section 487.2062 ‑ Investigation of business activities; examination of books, accounts, records, and files; additional reports; audit and management letter.
     Section 487.2063 ‑ Repealed. 1999, Act 275, Imd. Eff. Jan. 5, 2000.
     Section 487.2064 ‑ Records.
     Section 487.2065 ‑ Annual report; failure to file report; penalty.
     Section 487.2066 ‑ Conservatorship or receivership.
     Section 487.2066a ‑ Licensee engaged in loan servicing activities; appointment of conservator or receiver.
     Section 487.2066b ‑ Powers and duties of conservator or receiver.
     Section 487.2067 ‑ Prohibited activities or practices.
     Section 487.2068 ‑ Rules.
     Section 487.2069 ‑ Obligation of contract party not impaired or affected.
     Section 487.2070 ‑ Action by person, county prosecuting attorney, or attorney general.
     Section 487.2071 ‑ Effective date.
     Section 487.2072 ‑ Conditional effective date.
Act 190 of 1991 ‑ STATE EMPLOYEE PAYROLL DEDUCTION PROGRAM (487.2101 - 487.2105)
     Section 487.2101 ‑ Definitions.
     Section 487.2102 ‑ Enrollment in distribution system for direct deposit of retirement benefit with financial institution; electronic fund transfer of state college and university payments.
     Section 487.2103 ‑ Establishment of criteria and distribution system for participation by financial institution.
     Section 487.2104 ‑ Rules; participation prohibited under certain conditions.
     Section 487.2105 ‑ Fee; limitation; prohibition.
Act 244 of 2005 ‑ DEFERRED PRESENTMENT SERVICE TRANSACTIONS ACT (487.2121 - 487.2173)
     244‑2005‑1 ‑ ARTICLE 1 (487.2121...487.2122)
          Section 487.2121 ‑ Short title.
          Section 487.2122 ‑ Definitions.
     244‑2005‑2 ‑ ARTICLE 2 (487.2131...487.2142)
          Section 487.2131 ‑ Business of providing deferred presentment service transactions; license required; scope of act; application process and timeline; bulletin, order, or rule.
          Section 487.2132 ‑ Licensure requirements.
          Section 487.2133 ‑ Application; writing; oath; form; information; fee.
          Section 487.2134 ‑ License fees; disposition; surety bond.
          Section 487.2135 ‑ Issuance of license upon investigation that requirements satisfied; posting copy of license.
          Section 487.2136 ‑ Denial of application or failure to act within certain time period; hearing.
          Section 487.2137 ‑ License not transferable or assignable; change in control; duties of licensee; request for information or documentation; "control" defined.
          Section 487.2138 ‑ Report describing certain event.
          Section 487.2139 ‑ Expiration and renewal of license.
          Section 487.2140 ‑ Enforcement and implementation of act; issuance of orders and rules; correction of inaccurate information; duties of licensee if database not operational; examination of business, books, and records.
          Section 487.2141 ‑ Books, accounts, and records; preservation.
          Section 487.2142 ‑ Development, implementation, and maintenance of database.
     244‑2005‑3 ‑ ARTICLE 3 (487.2151...487.2160)
          Section 487.2151 ‑ Notice; posting; form.
          Section 487.2152 ‑ Written deferred presentment service agreement; signatures; provisions; arbitration.
          Section 487.2153 ‑ Transaction; limitation on amount; service fee; conditions prohibiting entering transaction; duties of licensee; prohibited conduct; sign.
          Section 487.2154 ‑ Customer eligibility; verification; use of database; fee; submission of information to database; closure of transaction.
          Section 487.2155 ‑ Renewal or extension of agreement; repayment option; conditions; terms; notice; satisfaction of drawer's obligation.
          Section 487.2156 ‑ Violation of act.
          Section 487.2157 ‑ Rescission of agreement; redemption of check by drawer.
          Section 487.2158 ‑ Endorsement of check; returned check charge; liability for dishonored check.
          Section 487.2159 ‑ Agreements; maintenance; availability for examination; rejected applications.
          Section 487.2160 ‑ Prohibited conduct.
     244‑2005‑4 ‑ ARTICLE 4 (487.2165...487.2173)
          Section 487.2165 ‑ Customer complaint; filing; investigation or examination by commissioner; subpoena; noncompliance.
          Section 487.2166 ‑ Cease and desist order.
          Section 487.2167 ‑ Suspension, revocation, or termination of license.
          Section 487.2168 ‑ Violations; civil fines.
          Section 487.2169 ‑ Fraud.
          Section 487.2170 ‑ Hearing.
          Section 487.2171 ‑ Rules; report.
          Section 487.2172 ‑ Person providing services before effective date of act; compliance.
          Section 487.2173 ‑ Civil cause of action; damages.
Act 354 of 1996 ‑ SAVINGS BANK ACT (487.3101 - 487.3804)
***** 487.3702 SUBDIVISION (a) DOES NOT APPLY AFTER MAY 31, 1997: See subdivision (a) of 487.3702 *****
     354‑1996‑1 ‑ CHAPTER 1 SHORT TITLE AND DEFINITIONS (487.3101...487.3103)
          Section 487.3101 ‑ Short title.
          Section 487.3102 ‑ Definitions; A to I.
          Section 487.3103 ‑ Definitions; L to W.
     354‑1996‑2 ‑ CHAPTER 2 ADMINISTRATION (487.3201...487.3226)
          Section 487.3201 ‑ Financial institutions bureau; jurisdiction; duties of commissioner; construction of act.
          Section 487.3202 ‑ Prohibited conduct.
          Section 487.3203 ‑ Federal insurance of deposits required.
          Section 487.3204 ‑ Savings bank; asset tests; loans for domestic residential housing; failure to satisfy asset tests.
          Section 487.3205 ‑ Appointment of examiners and employees; payment of compensation, travel, and expenses.
          Section 487.3206 ‑ Commissioner, deputy commissioner, or examiner; prohibited conduct.
          Section 487.3207 ‑ Commissioner, deputy commissioner, or examiner; civil liability.
          Section 487.3208 ‑ Rules, orders, and declaratory rulings.
          Section 487.3209 ‑ Savings banks and entities subject to examination by commissioner.
          Section 487.3210 ‑ Schedule of supervisory fees; initial supervisory fee.
          Section 487.3211 ‑ Circuit court subpoena to appear; petition by commissioner; scope; failure to appear as contempt.
          Section 487.3212 ‑ Privilege against self-incrimination; perjury.
          Section 487.3213 ‑ Confidentiality; exception.
          Section 487.3214 ‑ Application for approval; requirements; appeal.
          Section 487.3215 ‑ Unsafe or unsound practice or violation; notice of charges; hearing; order to cease and desist; effect and enforcement; out-of-state bank branch.
          Section 487.3216 ‑ Temporary cease and desist order; effective and enforceable; injunction to set aside, limit, or suspend order.
          Section 487.3217 ‑ Intent by commissioner to remove director or officer from office; notice; suspension or prohibition; effective date; service of copies of notice; statement of facts; hearing; issuance of order; effect and enforcement.
          Section 487.3218 ‑ Stay of suspension or prohibition; application to circuit court.
          Section 487.3219 ‑ Felony charge involving dishonesty or breach of trust by director or officer; suspension or prohibition; duration; entry of conviction; order of removal from office or prohibition; service of copy; finding of not guilty or other disposition.
          Section 487.3220 ‑ Board of directors; less than quorum.
          Section 487.3221 ‑ Hearing; decision; review; modifying, terminating, or setting aside order; commencement of proceedings not as stay of order.
          Section 487.3222 ‑ Notice or order; jurisdiction of court.
          Section 487.3223 ‑ Prohibited acts; fine; limitation.
          Section 487.3224 ‑ Service of notice; intent to issue cease and desist order; notice to governor.
          Section 487.3225 ‑ Proceedings under MCL 487.3215, 487.3216(1), or 487.3217; notice to federal authorities of intent to institute proceedings.
          Section 487.3226 ‑ Definitions.
     354‑1996‑3 ‑ CHAPTER 3 CORPORATE STRUCTURE (487.3301...487.3339)
          Section 487.3301 ‑ Corporation; formation; purpose.
          Section 487.3302 ‑ Organization of savings bank; application; forms; notice; publication requirements; waiver; examination of information and statements; approval or disapproval of application.
          Section 487.3302a ‑ Organization of branch by out-of-state savings bank; proof of federal insurance on deposits; determination of compliance; certificate of organization and eligibility to accept deposits and investments of public funds.
          Section 487.3303 ‑ Organization of savings bank to serve depository institutions; application.
          Section 487.3304 ‑ Organizational expenses; reimbursement; review.
          Section 487.3305 ‑ Articles of incorporation.
          Section 487.3306 ‑ Authorization to commence business; conditions; verification; certificate with official seal; application deemed abandoned and no effect; first meeting.
          Section 487.3307 ‑ Required capital; applicability of section to consolidated organization; authorization of stock savings bank or mutual savings bank to commence business; total capital; maintenance of surplus amount.
          Section 487.3308 ‑ Stock savings bank; stock issuance.
          Section 487.3309 ‑ Mutual savings bank; membership.
          Section 487.3310 ‑ Issuance of capital notes, debentures, and other indebtedness.
          Section 487.3311 ‑ Applicability of provisions to voting stock.
          Section 487.3312 ‑ Issuance of stock by mutual savings bank; conversion.
          Section 487.3313 ‑ Issuance of certificates of stock by savings bank.
          Section 487.3314 ‑ Increase in capital stock.
          Section 487.3315 ‑ Reduction in capital stock.
          Section 487.3316 ‑ Declaration and payment of dividends.
          Section 487.3317 ‑ Mutual savings bank; meetings.
          Section 487.3318 ‑ Records.
          Section 487.3319 ‑ Savings bank; meetings; voting.
          Section 487.3320 ‑ Savings bank; meeting notice.
          Section 487.3321 ‑ Savings bank; stock ledger; designation of transfer agent or registrar of shares; list to be furnished upon request.
          Section 487.3322 ‑ Savings bank; election of directors; vacancy; bylaws; meetings; chief executive officer; minutes; quorum; notice of meeting.
          Section 487.3323 ‑ Oath.
          Section 487.3324 ‑ Purchase or sale of securities by director; conditions.
          Section 487.3325 ‑ Director or officer of savings bank; discharge of duties; violation; removal; vote.
          Section 487.3326 ‑ Indemnification of party.
          Section 487.3327 ‑ Indemnification of director, officer, employee, or agent.
          Section 487.3328 ‑ Payment or reimbursement of expenses incurred in civil or criminal action, suit, or proceeding.
          Section 487.3329 ‑ Rights to indemnification.
          Section 487.3330 ‑ Insurance; trust fund.
          Section 487.3330a ‑ Consolidation or merger; position of director, officer, employee, or agent of depository institution.
          Section 487.3331 ‑ Articles of incorporation; amendment.
          Section 487.3332 ‑ Definitions; best interests of savings bank, shareholders, or members.
          Section 487.3333 ‑ Liquidation; notice; certificate of termination; designation of liquidating agent or committee; bond; reports; removal; appointment of new agent or committee; examination by commissioner; publication of notice; filing and forwarding certificate of termination.
          Section 487.3334 ‑ Commencement of voluntary liquidation procedures; savings bank as body corporate; actions, suits, or proceedings begun prior to liquidation proceeding; powers of surviving directors.
          Section 487.3335 ‑ Savings bank; expiration of term by limitation; extension; renewal.
          Section 487.3336 ‑ Sale or purchase of assets; consideration; purpose; filing certified copies of proceedings; liability; maintenance of principal office or branches.
          Section 487.3337 ‑ Sale or purchase of branches; notice.
          Section 487.3338 ‑ Unlimited amounts or share of deposits.
          Section 487.3339 ‑ Compliance review committee; construction of section.
     354‑1996‑4 ‑ CHAPTER 4 POWERS (487.3401...487.3434)
          Section 487.3401 ‑ Savings bank; powers.
          Section 487.3402 ‑ Purchase, design, manufacture, construction, repair, modification, or improvement of real property; use of loan proceeds; liability for defect.
          Section 487.3403 ‑ Purchase of corporation stock by savings bank; limitation on aggregate investments.
          Section 487.3404 ‑ Purchase of stock, or loans to, Michigan business development corporation.
          Section 487.3405 ‑ Venture capital investments; “professional investor” and “venture capital” defined.
          Section 487.3406 ‑ “Investment security” and “secretary” defined; purchase of investment securities.
          Section 487.3407 ‑ Acquisition, development, or improvement of real estate; limitation on investment of assets; powers of savings bank.
          Section 487.3408 ‑ Services performed by savings bank.
          Section 487.3409 ‑ Savings bank engaged in real estate brokerage business; notice of licensure or ownership; prohibited acts; disclosure to credit applicant; violation of section; orders; limitation.
          Section 487.3410 ‑ Investment in service entities.
          Section 487.3411 ‑ Powers granted in MCL 487.3401 and 487.3403 construed.
          Section 487.3412 ‑ Change in location of principal office.
          Section 487.3413 ‑ Transactions relating to capital stock of corporation; authorization; purchase and sale of securities and stock; loan or discount; purchase or holding of own stock.
          Section 487.3414 ‑ Savings bank possessing capital and surplus more than $1,000,000.00; powers; application; savings bank operating foreign branches; restrictions and limitations; further powers.
          Section 487.3415 ‑ Savings bank with branch offices in foreign country.
          Section 487.3416 ‑ Savings bank as owner or lessor of personal property; lease payments as rent; taxes; prohibition.
          Section 487.3417 ‑ Savings bank with branch in another state.
          Section 487.3418 ‑ Loan production offices.
          Section 487.3419 ‑ Purchase or assumption of national or state chartered bank, savings bank, or association; operation as new branch.
          Section 487.3420 ‑ Discontinuing operations of branch or agency office; transfer of functions.
          Section 487.3421 ‑ Trust powers; conditions, limitations, and restrictions.
          Section 487.3422 ‑ Definitions; trust service agreements.
          Section 487.3423 ‑ Separation of trust department business from commercial bank business; commingled and consolidated funds; limitation; lien on securities in event of savings bank failure.
          Section 487.3424 ‑ Fiduciary powers; considerations.
          Section 487.3425 ‑ Repealed. 2000, Act 482, Imd. Eff. Jan. 11, 2001.
          Section 487.3426 ‑ Fund or property held by savings bank as fiduciary; investments; “registered investment company” defined; funds considered as held in fiduciary capacity.
          Section 487.3427 ‑ Enforcement of MCL 487.3421 to 487.3426; orders or declaratory rulings.
          Section 487.3428 ‑ Safe deposit and storage department.
          Section 487.3429 ‑ Lease, purchase, holding, and conveyance of real estate.
          Section 487.3430 ‑ Interest and charges on loans and credit extensions.
          Section 487.3431 ‑ Drafts or bills of exchange.
          Section 487.3432 ‑ Loans and extensions of credit and leases; limitations; exceptions; definitions.
          Section 487.3433 ‑ Loans and extensions of credit; exceptions to limitations.
          Section 487.3434 ‑ Capital and surplus; limitations.
     354‑1996‑5 ‑ CHAPTER 5 REGULATION (487.3501...487.3514)
          Section 487.3501 ‑ Impairment of capital.
          Section 487.3502 ‑ Violations; liability of directors or officers.
          Section 487.3503 ‑ Officer or employee as agent in sale of stock or securities; prohibition.
          Section 487.3504 ‑ Receipt of consideration or gratuity prohibited.
          Section 487.3505 ‑ Surety bonds; protection against insurable losses.
          Section 487.3506 ‑ Reports; penalty for failure to report.
          Section 487.3507 ‑ Regulation and prescription of terms, conditions, bylaws, and rules by board of directors.
          Section 487.3508 ‑ Pledge of assets.
          Section 487.3509 ‑ Deposit by savings bank; limitation.
          Section 487.3510 ‑ Insolvency; transfer of assets null and void.
          Section 487.3511 ‑ Property or casualty insurance as condition to mortgage loan.
          Section 487.3512 ‑ Overdrafts.
          Section 487.3514 ‑ Repealed. 2005, Act 192, Imd. Eff. Nov. 7, 2005.
     354‑1996‑6 ‑ CHAPTER 6 RECEIVERSHIPS AND CONSERVATORSHIPS (487.3601...487.3608)
          Section 487.3601 ‑ Receiver; appointment.
          Section 487.3602 ‑ Receiver; powers; report to commissioner.
          Section 487.3603 ‑ Procedures for liquidation; limitation.
          Section 487.3604 ‑ Rights of depositors and creditors of closed savings bank.
          Section 487.3605 ‑ Conservator; appointment; powers; duties.
          Section 487.3606 ‑ Affairs of savings bank turned back to board of directors; notice.
          Section 487.3607 ‑ Orders or declaratory rulings as to receivers and conservators; compensation and expenses to reimburse bureau.
          Section 487.3608 ‑ Reorganization of savings bank.
     354‑1996‑7 ‑ CHAPTER 7 CONSOLIDATIONS, MERGERS, AND CONVERSIONS (487.3701...487.3715)
          Section 487.3701 ‑ Consolidated savings bank.
          Section 487.3702 ‑ Consolidated organization.
          Section 487.3703 ‑ Consolidated savings bank; rights, interests, privileges, powers, restrictions, disabilities, liabilities, and duties.
          Section 487.3704 ‑ Consolidated organization; service of process; prosecution.
          Section 487.3705 ‑ Operation of branches of consolidated or acquired savings bank.
          Section 487.3706 ‑ Definitions; consolidation.
          Section 487.3706a ‑ Definitions; reorganization of existing mutual savings bank to mutual holding company; requirements; organization and incorporation of new savings bank subsidiary; approval.
          Section 487.3707 ‑ Definitions; terms and conditions of conversion or exchange.
          Section 487.3708 ‑ Conversion of savings bank into stock association or national banking association; conversion of mutual savings bank into state or federal mutual savings and loan association.
          Section 487.3709 ‑ Conversion of federally chartered shareholder-owned financial institution into savings bank.
          Section 487.3710 ‑ Conversion of state chartered shareholder-owned financial institution into savings bank.
          Section 487.3711 ‑ Conversion of member-owned federally chartered financial institution into mutual savings bank.
          Section 487.3711a ‑ Conversion of mutual federal savings and loan association, mutual federal savings bank, or other member-owned federally chartered financial institution into stock savings bank.
          Section 487.3712 ‑ Conversion of member-owned state chartered financial institution into mutual savings bank.
          Section 487.3712a ‑ Conversion of mutual state savings and loan association, or mutual state savings bank, or other member-owned state chartered financial institution into stock savings bank.
          Section 487.3713 ‑ Rights, obligations, and relations of converted and converting organization.
          Section 487.3714 ‑ Liability not impaired by sale of assets, consolidation, or conversion.
          Section 487.3715 ‑ Conversion of mutual savings bank to stock savings bank.
     354‑1996‑8 ‑ CHAPTER 8 GENERAL PROVISIONS, EXEMPTION FROM TAXATION (487.3801...487.3804)
          Section 487.3801 ‑ Use of “bank,”“banker,” or “banking.”
          Section 487.3802 ‑ Construction of act.
          Section 487.3803 ‑ Effect of MCL 450.1 to 450.192.
          Section 487.3804 ‑ Tax exemptions.
Act 276 of 1999 ‑ BANKING CODE OF 1999 (487.11101 - 487.15105)
     276‑1999‑1 ‑ CHAPTER 1 (487.11101...487.11203)
          276‑1999‑1‑1 ‑ PART 1 SHORT TITLE AND GENERAL PROVISIONS (487.11101...487.11107)
               Section 487.11101 ‑ Short title.
               Section 487.11102 ‑ Supervision and regulation of banking organizations; state policy.
               Section 487.11103 ‑ Filing of documents as constructive notice of contents; limitation.
               Section 487.11104 ‑ Remedies; construction of act.
               Section 487.11105 ‑ Person engaged in business of banking; corporation as fiduciary.
               Section 487.11106 ‑ Use of designation or name.
               Section 487.11107 ‑ Tax exemptions.
          276‑1999‑1‑2 ‑ PART 2 DEFINITIONS (487.11201...487.11203)
               Section 487.11201 ‑ Definitions; A to F.
               Section 487.11202 ‑ Definitions; F to P.
               Section 487.11203 ‑ Definitions; S to V.
     276‑1999‑2 ‑ CHAPTER 2 FINANCIAL INSTITUTIONS BUREAU (487.12101...487.12410)
          276‑1999‑2‑1 ‑ PART 1 ADMINISTRATION (487.12101...487.12109)
               Section 487.12101 ‑ Financial institutions bureau; creation; jurisdiction; commissioner; appointment; duties; seal; other employment.
               Section 487.12102 ‑ Purpose of act.
               Section 487.12103 ‑ Powers and duties vested under former act; transfer of property, books, and other papers; effect of orders and rules.
               Section 487.12104 ‑ Deputies; appointment by commissioner; duties; revocation.
               Section 487.12105 ‑ Employees; appointment by commissioner; compensation; duties; revocation.
               Section 487.12106 ‑ Commissioner, deputy commissioner, or examiner; prohibited conduct.
               Section 487.12107 ‑ Liability; immunity.
               Section 487.12108 ‑ Annual report.
               Section 487.12109 ‑ Confidentiality; disclosures.
          276‑1999‑2‑2 ‑ PART 2 GENERAL POWERS (487.12201...487.12204)
               Section 487.12201 ‑ Rules.
               Section 487.12202 ‑ Examination of institution, its subsidiaries, and service entities.
               Section 487.12203 ‑ Fees.
               Section 487.12204 ‑ Declaratory rulings, orders, or determinations.
          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 487.12304 ‑ Notice of charges; hearing; issuance of order to cease and desist; enforcement; notice to comptroller of currency and attorney general.
               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 charge; order of removal or prohibition.
               Section 487.12309 ‑ Quorum of board of directors.
               Section 487.12310 ‑ Hearing; decision; review; consent order; modification, termination, or setting aside order.
               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.
               Section 487.12315 ‑ Foreign bank; prohibited conduct.
          276‑1999‑2‑4 ‑ PART 4 RECEIVERSHIPS AND CONSERVATORSHIPS (487.12401...487.12410)
               Section 487.12401 ‑ Liquidation; receiver or other liquidating agent.
               Section 487.12402 ‑ Appointment of receiver; conditions; procedures.
               Section 487.12403 ‑ Receiver; duties; powers.
               Section 487.12404 ‑ Lien on property or assets; voidable transfer.
               Section 487.12405 ‑ Records.
               Section 487.12406 ‑ Conservator; appointment; bond and security; qualifications; expenses.
               Section 487.12407 ‑ Conservator; rights, powers, and privileges.
               Section 487.12408 ‑ Deposits received while bank in conservatorship.
               Section 487.12409 ‑ Authority of conservator to borrow money; purpose.
               Section 487.12410 ‑ Termination of conservatorship.
     276‑1999‑3 ‑ CHAPTER 3 BANK ORGANIZATION AND STRUCTURE (487.13101...487.13913)
          276‑1999‑3‑1 ‑ PART 1 FORMATION (487.13101...487.13108)
               Section 487.13101 ‑ Bank organization generally.
               Section 487.13102 ‑ Bank organization; application.
               Section 487.13103 ‑ Organization of depository institutions generally.
               Section 487.13104 ‑ Expenses of incorporators; reimbursement.
               Section 487.13105 ‑ Bank as body corporate; authorization.
               Section 487.13106 ‑ Commencement of business.
               Section 487.13107 ‑ Organization meeting; notice.
               Section 487.13108 ‑ Capital adequacy; requirements.
          276‑1999‑3‑2 ‑ PART 2 ARTICLES OF INCORPORATION (487.13201...487.13203)
               Section 487.13201 ‑ Articles of incorporation; approval generally.
               Section 487.13202 ‑ Articles of incorporation; contents.
               Section 487.13203 ‑ Articles of incorporation; amendments.
          276‑1999‑3‑3 ‑ PART 3 DISSOLUTION (487.13301...487.13307)
               Section 487.13301 ‑ Proposed resolution of dissolution; certificate of termination; designation of liquidating agent or committee; reports; examination by commissioner; filing of certificate; termination.
               Section 487.13302 ‑ Bank in dissolution as body corporate.
               Section 487.13303 ‑ Bank in dissolution; function of officers, directors, and shareholders.
               Section 487.13304 ‑ “Existing claim” and “existing claimant” defined; notice to depositors and creditors; existing claims; effective date of written notice.
               Section 487.13305 ‑ “Claim” and “claimant” defined; notice of dissolution; publication; requirements.
               Section 487.13306 ‑ Court supervision of bank in dissolution.
               Section 487.13307 ‑ Debts, obligations, and liabilities.
          276‑1999‑3‑4 ‑ PART 4 TERM EXTENSION (487.13401...487.13401)
               Section 487.13401 ‑ Expiration of corporate term; extension.
          276‑1999‑3‑5 ‑ PART 5 OFFICERS AND DIRECTORS (487.13501...487.13507)
               Section 487.13501 ‑ Board of directors; election; appointment of officers; meetings.
               Section 487.13502 ‑ Board of directors; oath.
               Section 487.13503 ‑ Sale or purchase of securities or property.
               Section 487.13504 ‑ Discharge of duties; liability; commencement of action; violation; statute of limitations.
               Section 487.13505 ‑ Removal of director.
               Section 487.13506 ‑ Sale of stock or securities; officer or employee as agent prohibited.
               Section 487.13507 ‑ Procurement of loan; receipt of gratuity or consideration prohibited.
          276‑1999‑3‑6 ‑ PART 6 SHAREHOLDERS (487.13601...487.13604)
               Section 487.13601 ‑ Meeting of shareholders.
               Section 487.13602 ‑ Meeting called by commissioner.
               Section 487.13603 ‑ Names and addresses of shareholders; record.
               Section 487.13604 ‑ Provisions applicable to voting stock.
          276‑1999‑3‑7 ‑ PART 7 CONSOLIDATION AND CONVERSION (487.13701...487.13714)
               Section 487.13701 ‑ Consolidated bank; formation.
               Section 487.13702 ‑ Consolidated organization.
               Section 487.13703 ‑ Consolidated bank; rights, privileges, and powers.
               Section 487.13704 ‑ Service of process.
               Section 487.13705 ‑ Notice of operation.
               Section 487.13706 ‑ Definitions; applicable provisions.
               Section 487.13707 ‑ Definitions; consolidation agreement; approval of terms and conditions.
               Section 487.13708 ‑ Conversion of bank into stock association, stock savings bank, or national banking association.
               Section 487.13709 ‑ Conversion of depository institution.
               Section 487.13710 ‑ Effect of conversion.
               Section 487.13711 ‑ Branch services.
               Section 487.13712 ‑ Discontinuing branch operations; transfer of functions to principal office.
               Section 487.13713 ‑ Principal office; relocation.
               Section 487.13714 ‑ Branch office in foreign country; applicable provisions.
          276‑1999‑3‑8 ‑ PART 8 CAPITAL (487.13801...487.13808)
               Section 487.13801 ‑ Issuance of capital notes, debentures, or other instrument of indebtedness.
               Section 487.13802 ‑ Issuance of shares; number; classes; designations.
               Section 487.13803 ‑ Stock certificates.
               Section 487.13804 ‑ Capital stock; increase.
               Section 487.13805 ‑ Capital stock; reduction.
               Section 487.13806 ‑ Dividends.
               Section 487.13807 ‑ Deficiency; steps to make assessment or dissolution; extension.
               Section 487.13808 ‑ Distribution of sale proceeds; issuance of new certificates; effect of uniform commercial code.
          276‑1999‑3‑9 ‑ PART 9 ADMINISTRATION (487.13901...487.13913)
               Section 487.13901 ‑ Repayment of deposits.
               Section 487.13902 ‑ Compliance review committee.
               Section 487.13903 ‑ Surety bond.
               Section 487.13904 ‑ Indemnification.
               Section 487.13905 ‑ Indemnification; expenses and amounts.
               Section 487.13906 ‑ Director, officer, employee, or agent as party to action; reimbursement.
               Section 487.13907 ‑ Other rights to indemnification or advancement; limitation.
               Section 487.13908 ‑ Liability insurance or trust fund.
               Section 487.13909 ‑ Consolidation or merger; position of director, officer, employee, or agent of absorbed depository institution.
               Section 487.13910 ‑ Definitions; person acting in best interests of bank or shareholders.
               Section 487.13911 ‑ Reports.
               Section 487.13912 ‑ Attachment or execution.
               Section 487.13913 ‑ Action taken or event occurring on or before November 29, 1995.
     276‑1999‑4 ‑ CHAPTER 4 BANKING POWERS (487.14101...487.14406)
          276‑1999‑4‑1 ‑ PART 1 GENERAL PROVISIONS (487.14101...487.14109)
               Section 487.14101 ‑ Banking powers generally.
               Section 487.14102 ‑ Safe deposit and storage department; lien for unpaid rental and storage charges.
               Section 487.14103 ‑ Drafts or bills of exchange.
               Section 487.14104 ‑ Real estate brokerage.
               Section 487.14105 ‑ Permitted services or activities.
               Section 487.14106 ‑ Purchase or sale of assets; powers of bank.
               Section 487.14107 ‑ Sale or purchase of bank branch.
               Section 487.14108 ‑ Pledging bank assets as collateral security.
               Section 487.14109 ‑ Bank agent; activities.
          276‑1999‑4‑2 ‑ PART 2 LOANS (487.14201...487.14205)
               Section 487.14201 ‑ Loans and credit extensions; interest and charges.
               Section 487.14202 ‑ Total loans and credit extensions; limitation; exceptions; limitations based upon capital and surplus.
               Section 487.14203 ‑ Financing real or personal property; use of proceeds for purchase, design, manufacture, construction, repair, modification, or improvement; liability for defect.
               Section 487.14204 ‑ Insurance; hazard; property and casualty.
               Section 487.14205 ‑ Allowance for bank loan and lease losses; charge off of debt.
          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 487.14304 ‑ Bank investment authority.
               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.
               Section 487.14309 ‑ Acquisition of personal property for use of customer; loan secured by personal property.
               Section 487.14310 ‑ Investment in service entity.
          276‑1999‑4‑4 ‑ PART 4 TRUSTS (487.14401...487.14406)
               Section 487.14401 ‑ Trust powers; conditions, limitations, and restrictions.
               Section 487.14402 ‑ Definitions; trust service agreement.
               Section 487.14403 ‑ Trust powers; segregation of assets held in fiduciary capacity; separate books and records; commingling and consolidation.
               Section 487.14404 ‑ Application for full fiduciary powers; considerations; limited trust power.
               Section 487.14405 ‑ Investment of trust funds or property; "registered investment company" defined; bank considered as fiduciary.
               Section 487.14406 ‑ Repealed. 2005, Act 195, Imd. Eff. Nov. 7, 2005.
     276‑1999‑5 ‑ CHAPTER 5 FOREIGN BANKS (487.15101...487.15105)
          276‑1999‑5‑STRUCTURE ‑ STRUCTURE (487.15101...487.15105)
               Section 487.15101 ‑ State agency or state foreign bank branch; establishment and operation by state foreign bank branch.
               Section 487.15102 ‑ Conversion of state agency or state foreign bank branch into federal agency or federal branch.
               Section 487.15103 ‑ Termination of authority to operate state agency or state foreign bank branch.
               Section 487.15104 ‑ Reports.
               Section 487.15105 ‑ Operations of foreign bank at state foreign bank branch or state agency.