MCL - Index of 354-1996-4

NOTE: Dates reflect any modification to item, not necessarily a change in law.
Title Subject
354-1996-4 CHAPTER 4 POWERS (487.3401...487.3436)
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.