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Part 3 Conservatorships (490.241...490.245)
Law
Michigan Compiled Laws
Credit Unions
215 of 2003 - Credit Union Act (490.101 - 490.601)
Supervision by Commissioner (490.201...490.251)
Part 3 Conservatorships (490.241...490.245)
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Section
490.241
Appointment of Conservator; Grounds; Bond and Security; Qualifications; Payment of Administrative Expenses.
Section
490.242
Possession of Books, Records, and Assets; Rights of Parties; Discharge of Real Estate Mortgage.
Section
490.243
Withdrawal by Members and Depositors and Payment to Other Creditors; Availability of Amounts; Receipt of Shares and Deposits; Actions; Return of Control to Credit Union Board; Notice.
Section
490.244
Authority of Commissioner to Borrow Money; Conditions; Secured Loans.
Section
490.245
Termination of Conservatorship; Determination by Commissioner; Resumption of Business Transactions by Domestic Credit Union; Appointment of Receiver; Liquidation.