State Codes and Statutes
Statutes > Michigan > Chapter-487 > Act-354-of-1996 > 354-1996-6 > Section-487-3603SAVINGS BANK ACT (EXCERPT)
Act 354 of 1996
487.3603 Procedures for liquidation; limitation.
Sec. 603.
The full and exclusive procedures for the liquidation of a savings bank under this act shall be the procedures prescribed in this act and a receiver or other liquidating agent shall not be appointed for such purpose or for any savings bank or its assets and property except as expressly provided in this act.
History: 1996, Act 354, Imd. Eff. July 1, 1996
