MCL - Index of Chapter 487
NOTE: Dates reflect any modification to item, not necessarily a change in law.
| Title | Subject |
|---|---|
| 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| Act 341 of 1937 | Repealed-THE MICHIGAN FINANCIAL INSTITUTIONS ACT (487.1 - 487.292) |
| Act 319 of 1969 | Repealed-BANKING CODE OF 1969 (487.301 - 487.598) |
| Act 240 of 1931 | Repealed-THE BANK COLLECTION CODE (487.601 - 487.617) |
| Act 390 of 1925 | Repealed-PAPER PRESENTED ONE YEAR AFTER DATE (487.621 - 487.621) |
| Act 386 of 1919 | Repealed-FORWARDING OF NEGOTIABLE PAPER (487.641 - 487.641) |
| Act 165 of 1865 | Repealed-MARKING COUNTERFEIT, ALTERED, OR WORTHLESS BILLS (487.651 - 487.652) |
| Act 95 of 1907 | Repealed-FORGED OR RAISED CHECKS (487.661 - 487.661) |
| Act 378 of 1919 | Repealed-NONPAYMENT OF CHECK (487.671 - 487.671) |
| Act 348 of 1925 | Repealed-REVOCATION, COUNTERMAND, OR STOP-PAYMENT ORDER (487.681 - 487.682) |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 344 of 2020 | FINANCIAL EXPLOITATION PREVENTION ACT (487.2081 - 487.2091) |
| Section 487.2081 | Short title. |
| Section 487.2083 | Definitions. |
| Section 487.2085 | Training for signs of covered financial exploitation of members or customers; requirements; reporting; notification; disclosure and identification of reporting individual. |
| Section 487.2087 | Investigations; delay or freeze on transactions; exception. |
| Section 487.2089 | Examination and enforcement authority. |
| Section 487.2091 | Construction of act. |
| 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) ***** 487.2171.amended THIS AMENDED SECTION IS EFFECTIVE 91 DAYS AFTER ADJOURNMENT OF THE 2024 REGULAR SESSION SINE DIE ***** ***** 487.2171 THIS SECTION IS AMENDED EFFECTIVE 91 DAYS AFTER ADJOURNMENT OF THE 2024 REGULAR SESSION SINE DIE: See 487.2171.amended ***** |
| 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; deposit of check held in connection with transaction; return of check; payment by debit card; "telephone-initiated entry" defined.. |
| 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 487.2171.amended | 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...487.3436) |
| 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. |
| Section 487.3436 | Automatic teller machine located on premises of casino, casino enterprise, liquor store, or adult entertainment establishment; preventing access to cash benefits from Michigan bridge card; definitions. |
| 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; state bank regulatory fund. |
| 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 or misdemeanor 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...487.14111) |
| 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. |
| Section 487.14110 | Automatic teller machine located on premises of casino, casino enterprise, liquor store, or adult entertainment establishment; preventing access to cash benefits from Michigan bridge card; definitions. |
| Section 487.14111 | Loan promotion raffle or savings promotion raffle. |
| 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; purchasing or holding shares of stock or other equity interests. |
| 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. |