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Statutes > Michigan Statutes > Chapter 487 - FINANCIAL INSTITUTIONS > Act 354 of 1996 - SAVINGS BANK ACT (487.3101 - 487.3804) > 354-1996-5 - CHAPTER 5 REGULATION (487.3501...487.3514)

354-1996-5 - CHAPTER 5 REGULATION (487.3501...487.3514)

  • Section 487.3501 - Impairment of capital.
  • Section 487.3502 - Violations; liability of directors or officers.
  • Section 487.3503 - Officer or employee as agent in sale of stock or securities; prohibition.
  • Section 487.3504 - Receipt of consideration or gratuity prohibited.
  • Section 487.3505 - Surety bonds; protection against insurable losses.
  • Section 487.3506 - Reports; penalty for failure to report.
  • Section 487.3507 - Regulation and prescription of terms, conditions, bylaws, and rules by board of directors.
  • Section 487.3508 - Pledge of assets.
  • Section 487.3509 - Deposit by savings bank; limitation.
  • Section 487.3510 - Insolvency; transfer of assets null and void.
  • Section 487.3511 - Property or casualty insurance as condition to mortgage loan.
  • Section 487.3512 - Overdrafts.
  • Section 487.3514 - Repealed. 2005, Act 192, Imd. Eff. Nov. 7, 2005.




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