Michigan Compiled Laws 276-1999-4-3 Part 3 Investments (487.14301...487.14310)

• Section 487.14301 Purchasing, Selling, Underwriting, And Holding Investment Securities.
  (1) A bank may purchase, sell, underwrite, and hold investment securities that are obligations in the form of bonds, notes, or debentures of a...
• Section 487.14302 Purchase Of Investment Securities.
  (1) A bank may purchase investment securities for its own account when in its prudent banking judgment, which may be based in part upon...
• Section 487.14303 Investment In Other Assets.
  Notwithstanding any other section of this act, a bank may invest in other assets authorized by order or declaratory ruling of the commissioner. History:...
• Section 487.14304 Bank Investment Authority.
  (1) A bank shall not engage in a transaction with respect to shares of the capital stock of a corporation unless specifically authorized by...
• Section 487.14305 Venture Capital Investments.
  (1) Except as otherwise provided by this act, a bank may make venture capital investments, and may invest in equity securities of a professional...
• Section 487.14306 Lease, Purchase, Holding, And Conveyance Of Real Property.
  A bank may lease, purchase, hold, and convey any of the following real property: (a) As necessary for the convenient transaction of its business,...
• Section 487.14307 Acquisition, Development, Or Improvement Of Real Property For Sale.
  A bank may invest not more than 10% of its total assets in the acquisition and development of real property for sale, or for...
• Section 487.14308 Acquisition Of Real Property For Use Of Customer; Loan Secured By Real Property.
  (1) A bank may lease, purchase, hold, and convey real property for the use of a customer by lease arrangement with the bank, but...
• Section 487.14309 Acquisition Of Personal Property For Use Of Customer; Loan Secured By Personal Property.
  (1) A bank may lease, purchase, hold, and convey personal property for the use of a customer by lease arrangement with the bank, but...
• Section 487.14310 Investment In Service Entity.
  (1) As authorized by order or declaratory ruling of the commissioner, a bank may invest in service entities that engage in activities in which...

Last modified: October 10, 2016