Michigan Compiled Laws 276-1999-2-1 Part 1 Administration (487.12101...487.12109)

• Section 487.12101 Financial Institutions Bureau; Creation; Jurisdiction; Commissioner; Appointment; Duties; Seal; Other Employment.
  (1) A financial institutions bureau is created within the department of consumer and industry services, and the bureau shall have jurisdiction over and administer...
• Section 487.12102 Purpose Of Act.
  This act shall be implemented by the commissioner to maximize the capacity of banks to offer convenient and efficient financial services, to promote economic...
• Section 487.12103 Powers And Duties Vested Under Former Act; Transfer Of Property, Books, And Other Papers; Effect Of Orders And Rules.
  (1) The powers and duties vested by law in the financial institutions bureau under former 1969 PA 319 are vested in the bureau under...
• Section 487.12104 Deputies; Appointment By Commissioner; Duties; Revocation.
  (1) The commissioner shall appoint a chief deputy who shall perform the duties of the commissioner during the commissioner's absence from the bureau. The...
• Section 487.12105 Employees; Appointment By Commissioner; Compensation; Duties; Revocation.
  (1) The commissioner may appoint employees to carry out specific functions under this act. The compensation, travel, and other expenses of the commissioner, deputy...
• Section 487.12106 Commissioner, Deputy Commissioner, Or Examiner; Prohibited Conduct.
  (1) During his or her term of office or employment, the commissioner, a deputy commissioner, or an examiner of the bureau shall not be...
• Section 487.12107 Liability; Immunity.
  The commissioner or any other employee of the bureau shall not be liable in any civil action for damages for any act done or...
• Section 487.12108 Annual Report.
  For each calendar year the commissioner shall compile and publish an annual report in the form and containing information the commissioner determines necessary to...
• Section 487.12109 Confidentiality; Disclosures.
  (1) The commissioner and all deputies, agents, and employees of the bureau shall keep secret all facts and information obtained in the course of...

Last modified: October 10, 2016