Michigan Compiled Laws 276-1999-2-3 Part 3 Enforcment Powers (487.12301...487.12315)

• Section 487.12301 Subpoena Powers.
  The commissioner may petition the circuit court for the county of Ingham or the circuit court in the jurisdiction where an examination is being...
• Section 487.12302 Application.
  (1) A bank that seeks the commissioner's approval under section 2204, 3102, 3103, 3701, 3707, 3709, 4106, 4310, 4401, 5101, or 5102 shall submit...
• Section 487.12303 Reconsideration Of Order, Ruling, Or Finding; Hearing.
  (1) Except with respect to rules promulgated under section 2201, a cease and desist order made under sections 2304 to 2314, an order made...
• Section 487.12304 Notice Of Charges; Hearing; Issuance Of Order To Cease And Desist; Enforcement; Notice To Comptroller Of Currency And Attorney General.
  (1) If in the opinion of the commissioner an institution is engaging, has engaged, or is about to engage in an unsafe or unsound...
• Section 487.12305 Temporary Cease And Desist Order.
  (1) If the commissioner determines that the violation or threatened violation or the unsafe or unsound practice or practices, specified in the notice of...
• Section 487.12306 Conduct Constituting Breach Of Fiduciary Duty; Order Of Removal Or Prohibition.
  (1) If in the opinion of the commissioner any director or officer of an institution has committed any violation of law or rule or...
• Section 487.12307 Stay Of Suspension Or Prohibition; Issuance By Court.
  Within 10 days after the date a person has been suspended from office or prohibited from participation in the conduct of the affairs of...
• Section 487.12308 Conduct Involving Felony Charge; Order Of Removal Or Prohibition.
  If any person participating in the conduct of the affairs of an institution is charged in any information, indictment, warrant, or complaint by a...
• Section 487.12309 Quorum Of Board Of Directors.
  If at any time, because of the suspension or removal of 1 or more directors under this act, the board of directors of an...
• Section 487.12310 Hearing; Decision; Review; Consent Order; Modification, Termination, Or Setting Aside Order.
  (1) An administrative hearing provided for in section 2304, 2305, 2306, or 2307 shall be conducted under the administrative procedures act of 1969. The...
• Section 487.12311 Enforcement Powers; Jurisdiction Of Court.
  (1) The commissioner may apply to the circuit court of the county in which the principal office of the institution is located, or to...
• Section 487.12312 Prohibited Conduct; Fine.
  A person, against whom there is outstanding and effective any notice or final order under section 2306(1), (2), or (3) or of section 2308,...
• Section 487.12313 Service Of Notice Or Order.
  A service required or authorized to be made by the commissioner under this section or section 2304, 2305, 2306, 2308, 2310, or 2314 may...
• Section 487.12314 Notice To Federal Supervisory Authorities.
  In connection with a proceeding under section 2304, 2305(1), or 2306, the commissioner shall provide the appropriate federal supervisory authorities with notice of intent...
• Section 487.12315 Foreign Bank; Prohibited Conduct.
  (1) If, in the opinion of the commissioner, a foreign bank is engaging, has engaged, or is about to engage, in an unsafe or...

Last modified: October 10, 2016