Michigan Compiled Laws 276-1999-4-1 Part 1 General Provisions (487.14101...487.14111)

• Section 487.14101 Banking Powers Generally.
  (1) Subject to the limitations and restrictions contained in this act or in a bank's articles, the bank may engage in the business of...
• Section 487.14102 Safe Deposit And Storage Department; Lien For Unpaid Rental And Storage Charges.
  (1) If a bank operates a safe deposit and storage department, the legal liability of the bank on account of any loss to a...
• Section 487.14103 Drafts Or Bills Of Exchange.
  (1) A bank may accept drafts or bills of exchange drawn upon it having not more than 6 months' sight to run, exclusive of...
• Section 487.14104 Real Estate Brokerage.
  (1) A bank may engage directly in, or own in whole or in part, a real estate brokerage business as provided under article 25...
• Section 487.14105 Permitted Services Or Activities.
  A bank may perform for others 1 or more of the following services or activities, and any other services or activities permitted by order...
• Section 487.14106 Purchase Or Sale Of Assets; Powers Of Bank.
  (1) With the approval of the commissioner, based upon an examination or other appropriate analysis of either the buying or selling organization, or both,...
• Section 487.14107 Sale Or Purchase Of Bank Branch.
  (1) A bank may sell 1 or more of its branches, without selling all or substantially all of the bank, to another depository institution...
• Section 487.14108 Pledging Bank Assets As Collateral Security.
  (1) Except as otherwise provided in this section, a bank or bank officer shall not give preference to a depositor or creditor by pledging...
• Section 487.14109 Bank Agent; Activities.
  An agent of a bank described in section 4101(1)(e) may engage in any of the following activities: (a) Accept a deposit to an existing...
• Section 487.14110 Automatic Teller Machine Located On Premises Of Casino, Casino Enterprise, Liquor Store, Or Adult Entertainment Establishment; Preventing Access To Cash Benefits From Michigan Bridge Card; Definitions.
  (1) A bank that owns, operates, or manages an automated teller machine located on the premises of a casino, casino enterprise, liquor store, or...
• Section 487.14111 Savings Promotion Raffle.
  (1) If authorized by its board of directors, a bank may conduct a savings promotion raffle. The bank shall conduct a savings promotion raffle...

Last modified: October 10, 2016