Michigan Compiled Laws 276-1999-1-1 Part 1 Short Title And General Provisions (487.11101...487.11107)

• Section 487.11101 Short Title.
  This act shall be known and may be cited as the “banking code of 1999”. History: 1999, Act 276, Eff. Mar. 1, 2000 Compiler's...
• Section 487.11102 Supervision And Regulation Of Banking Organizations; State Policy.
  It is the policy of this state that the business of all banking organizations shall be supervised and regulated in a manner that insures...
• Section 487.11103 Filing Of Documents As Constructive Notice Of Contents; Limitation.
  The filing of documents under this act does not provide constructive notice of the contents of the documents except as to shareholders, directors, and...
• Section 487.11104 Remedies; Construction Of Act.
  (1) This act does not impair or affect an act done, offense committed, or right accruing, accrued, or acquired, or liability, penalty, forfeiture, or...
• Section 487.11105 Person Engaged In Business Of Banking; Corporation As Fiduciary.
  (1) A person shall not engage in the business of banking in this state unless authorized by this act, the laws of another state,...
• Section 487.11106 Use Of Designation Or Name.
  The use of the word “bank”, “banker”, or “banking” or any foreign language words of similar meaning as a designation or name, or part...
• Section 487.11107 Tax Exemptions.
  All mortgages or other securities held by banks are exempt from all municipal or other taxes under the laws of this state, and all...

Last modified: October 10, 2016