Section 487.3603 Procedures for Liquidation; Limitation.

MI Comp L § 487.3603 (2019) (N/A)
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Sec. 603.

The full and exclusive procedures for the liquidation of a savings bank under this act shall be the procedures prescribed in this act and a receiver or other liquidating agent shall not be appointed for such purpose or for any savings bank or its assets and property except as expressly provided in this act.

History: 1996, Act 354, Imd. Eff. July 1, 1996