Michigan Compiled Laws § 487.3603 Procedures For Liquidation; Limitation.


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


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Last modified: October 10, 2016