MCL - Index of 276-1999-3
NOTE: Dates reflect any modification to item, not necessarily a change in law.
| Title | Subject |
|---|---|
| 276-1999-3 | CHAPTER 3 BANK ORGANIZATION AND STRUCTURE (487.13101...487.13913) |
| 276-1999-3-1 | PART 1 FORMATION (487.13101...487.13108) |
| Section 487.13101 | Bank organization generally. |
| Section 487.13102 | Bank organization; application. |
| Section 487.13103 | Organization of depository institutions generally. |
| Section 487.13104 | Expenses of incorporators; reimbursement. |
| Section 487.13105 | Bank as body corporate; authorization. |
| Section 487.13106 | Commencement of business. |
| Section 487.13107 | Organization meeting; notice. |
| Section 487.13108 | Capital adequacy; requirements. |
| 276-1999-3-2 | PART 2 ARTICLES OF INCORPORATION (487.13201...487.13203) |
| Section 487.13201 | Articles of incorporation; approval generally. |
| Section 487.13202 | Articles of incorporation; contents. |
| Section 487.13203 | Articles of incorporation; amendments. |
| 276-1999-3-3 | PART 3 DISSOLUTION (487.13301...487.13307) |
| Section 487.13301 | Proposed resolution of dissolution; certificate of termination; designation of liquidating agent or committee; reports; examination by commissioner; filing of certificate; termination. |
| Section 487.13302 | Bank in dissolution as body corporate. |
| Section 487.13303 | Bank in dissolution; function of officers, directors, and shareholders. |
| Section 487.13304 | “Existing claim” and “existing claimant” defined; notice to depositors and creditors; existing claims; effective date of written notice. |
| Section 487.13305 | “Claim” and “claimant” defined; notice of dissolution; publication; requirements. |
| Section 487.13306 | Court supervision of bank in dissolution. |
| Section 487.13307 | Debts, obligations, and liabilities. |
| 276-1999-3-4 | PART 4 TERM EXTENSION (487.13401...487.13401) |
| Section 487.13401 | Expiration of corporate term; extension. |
| 276-1999-3-5 | PART 5 OFFICERS AND DIRECTORS (487.13501...487.13507) |
| Section 487.13501 | Board of directors; election; appointment of officers; meetings. |
| Section 487.13502 | Board of directors; oath. |
| Section 487.13503 | Sale or purchase of securities or property. |
| Section 487.13504 | Discharge of duties; liability; commencement of action; violation; statute of limitations. |
| Section 487.13505 | Removal of director. |
| Section 487.13506 | Sale of stock or securities; officer or employee as agent prohibited. |
| Section 487.13507 | Procurement of loan; receipt of gratuity or consideration prohibited. |
| 276-1999-3-6 | PART 6 SHAREHOLDERS (487.13601...487.13604) |
| Section 487.13601 | Meeting of shareholders. |
| Section 487.13602 | Meeting called by commissioner. |
| Section 487.13603 | Names and addresses of shareholders; record. |
| Section 487.13604 | Provisions applicable to voting stock. |
| 276-1999-3-7 | PART 7 CONSOLIDATION AND CONVERSION (487.13701...487.13714) |
| Section 487.13701 | Consolidated bank; formation. |
| Section 487.13702 | Consolidated organization. |
| Section 487.13703 | Consolidated bank; rights, privileges, and powers. |
| Section 487.13704 | Service of process. |
| Section 487.13705 | Notice of operation. |
| Section 487.13706 | Definitions; applicable provisions. |
| Section 487.13707 | Definitions; consolidation agreement; approval of terms and conditions. |
| Section 487.13708 | Conversion of bank into stock association, stock savings bank, or national banking association. |
| Section 487.13709 | Conversion of depository institution. |
| Section 487.13710 | Effect of conversion. |
| Section 487.13711 | Branch services. |
| Section 487.13712 | Discontinuing branch operations; transfer of functions to principal office. |
| Section 487.13713 | Principal office; relocation. |
| Section 487.13714 | Branch office in foreign country; applicable provisions. |
| 276-1999-3-8 | PART 8 CAPITAL (487.13801...487.13808) |
| Section 487.13801 | Issuance of capital notes, debentures, or other instrument of indebtedness. |
| Section 487.13802 | Issuance of shares; number; classes; designations. |
| Section 487.13803 | Stock certificates. |
| Section 487.13804 | Capital stock; increase. |
| Section 487.13805 | Capital stock; reduction. |
| Section 487.13806 | Dividends. |
| Section 487.13807 | Deficiency; steps to make assessment or dissolution; extension. |
| Section 487.13808 | Distribution of sale proceeds; issuance of new certificates; effect of uniform commercial code. |
| 276-1999-3-9 | PART 9 ADMINISTRATION (487.13901...487.13913) |
| Section 487.13901 | Repayment of deposits. |
| Section 487.13902 | Compliance review committee. |
| Section 487.13903 | Surety bond. |
| Section 487.13904 | Indemnification. |
| Section 487.13905 | Indemnification; expenses and amounts. |
| Section 487.13906 | Director, officer, employee, or agent as party to action; reimbursement. |
| Section 487.13907 | Other rights to indemnification or advancement; limitation. |
| Section 487.13908 | Liability insurance or trust fund. |
| Section 487.13909 | Consolidation or merger; position of director, officer, employee, or agent of absorbed depository institution. |
| Section 487.13910 | Definitions; person acting in best interests of bank or shareholders. |
| Section 487.13911 | Reports. |
| Section 487.13912 | Attachment or execution. |
| Section 487.13913 | Action taken or event occurring on or before November 29, 1995. |