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Chapter 4 Powers (487.3401...487.3436)
Law
Michigan Compiled Laws
Financial Institutions
354 of 1996 - Savings Bank Act (487.3101 - 487.3804)
Chapter 4 Powers (487.3401...487.3436)
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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.