PocketLaw | Michigan Compiled Laws | Part 3 Conservatorships

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.