Michigan Compiled Laws Act 232 Of 1978 Suspension Of Business Of Banks And Savings And Loan Associations (487.941 - 487.946)



AN ACT to permit financial institutions to suspend business in the event of an existing or impending emergency; to prescribe the powers and duties of financial institution officers and certain state agencies and officials; and to declare the legal effect of the suspensions of business authorized by this act.


History: 1978, Act 232, Imd. Eff. June 14, 1978 ;-- Am. 2006, Act 134, Imd. Eff. May 12, 2006


Last modified: October 10, 2016