State Codes and Statutes
Statutes > Michigan > Chapter-487 > Act-354-of-1996 > 354-1996-4
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.
State Codes and Statutes
Statutes > Michigan > Chapter-487 > Act-354-of-1996 > 354-1996-4
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.
State Codes and Statutes
Statutes >
Michigan >
Chapter-487 >
Act-354-of-1996 >
354-1996-4 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.
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