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

  1. Law
  2. Michigan Compiled Laws
  3. Financial Institutions
  4. 354 of 1996 - Savings Bank Act (487.3101 - 487.3804)
  5. Chapter 4 Powers (487.3401...487.3436)
  6. Purchase of Stock, or Loans To, Michigan Business Development Corporation.

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Sec. 404.

Except as otherwise provided by this act or in its articles of incorporation, a savings bank may purchase the shares of stock of, or make loans to, the Michigan business development corporation.

History: 1996, Act 354, Imd. Eff. July 1, 1996


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