PocketLaw | Michigan Compiled Laws

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

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Repealed. 2000, Act 482, Imd.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.

Chapter 4 Powers (487.3401...487.3436)

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Savings Bank; Powers.

Purchase, Design, Manufacture, Construction, Repair, Modification, or Improvement of Real Property; Use of Loan Proceeds; Liability for Defect.

Purchase of Corporation Stock by Savings Bank; Limitation on Aggregate Investments.

Purchase of Stock, or Loans To, Michigan Business Development Corporation.

Venture Capital Investments; “Professional Investor” and “Venture Capital” Defined.

“Investment Security” and “Secretary” Defined; Purchase of Investment Securities.

Acquisition, Development, or Improvement of Real Estate; Limitation on Investment of Assets; Powers of Savings Bank.

Services Performed by Savings Bank.

Savings Bank Engaged in Real Estate Brokerage Business; Notice of Licensure or Ownership; Prohibited Acts; Disclosure to Credit Applicant; Violation of Section; Orders; Limitation.

Investment in Service Entities.

Powers Granted in MCL 487.3401 and 487.3403 Construed.

Change in Location of Principal Office.

Transactions Relating to Capital Stock of Corporation; Authorization; Purchase and Sale of Securities and Stock; Loan or Discount; Purchase or Holding of Own Stock.

Savings Bank Possessing Capital and Surplus More Than $1,000,000.00; Powers; Application; Savings Bank Operating Foreign Branches; Restrictions and Limitations; Further Powers.

Savings Bank With Branch Offices in Foreign Country.

Savings Bank as Owner or Lessor of Personal Property; Lease Payments as Rent; Taxes; Prohibition.

Savings Bank With Branch in Another State.

Loan Production Offices.

Purchase or Assumption of National or State Chartered Bank, Savings Bank, or Association; Operation as New Branch.

Discontinuing Operations of Branch or Agency Office; Transfer of Functions.

Trust Powers; Conditions, Limitations, and Restrictions.

Definitions; Trust Service Agreements.

Separation of Trust Department Business From Commercial Bank Business; Commingled and Consolidated Funds; Limitation; Lien on Securities in Event of Savings Bank Failure.

Fiduciary Powers; Considerations.

Repealed. 2000, Act 482, Imd. Eff. Jan. 11, 2001.

Fund or Property Held by Savings Bank as Fiduciary; Investments; “Registered Investment Company” Defined; Funds Considered as Held in Fiduciary Capacity.

Enforcement of MCL 487.3421 to 487.3426; Orders or Declaratory Rulings.

Safe Deposit and Storage Department.

Lease, Purchase, Holding, and Conveyance of Real Estate.

Interest and Charges on Loans and Credit Extensions.

Drafts or Bills of Exchange.

Loans and Extensions of Credit and Leases; Limitations; Exceptions; Definitions.

Loans and Extensions of Credit; Exceptions to Limitations.

Capital and Surplus; Limitations.

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.