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Statutes > Michigan Statutes > Chapter 490 - CREDIT UNIONS > Act 215 of 2003 - CREDIT UNION ACT (490.101 - 490.601) > 215-2003-2 - ARTICLE 2 SUPERVISION BY COMMISSIONER (490.201...490.251) > 215-2003-2-2 - PART 2 RECEIVERS (490.231...490.235)

215-2003-2-2 - PART 2 RECEIVERS (490.231...490.235)

  • Section 490.231 - Liquidation; appointment of federal agency as receiver.
  • Section 490.232 - Appointment of receiver; conditions; proceeding; bond; reporting schedule; subrogation of federal agency to rights of deposit owners.
  • Section 490.233 - Receiver; duties; powers.
  • Section 490.234 - Voidable transfer or lien; person knowingly implementing voidable transfer or lien; personal liability; prohibitions to voiding otherwise voidable transfer; "preference" defined.
  • Section 490.235 - Disposal of obsolete and unnecessary records; maintenance methods; reservation, deposit, and use of assets.




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