MCL - Index of 215-2003-2
NOTE: Dates reflect any modification to item, not necessarily a change in law.
| Title | Subject |
|---|---|
| 215-2003-2 | ARTICLE 2 SUPERVISION BY COMMISSIONER (490.201...490.251) |
| 215-2003-2-1 | PART 1 ADMINISTRATION, SUPERVISION, AND ENFORCEMENT (490.201...490.221) |
| Section 490.201 | Administration and supervision by director; annual operating fee; limitation; report filed by domestic credit union; delinquent fee; waiver; amendment to bylaws or certificate of organization; examination of accounts, books, and records; "records" defined. |
| Section 490.202 | Fee, fine, or other money received or collected by director; disposition; establishment of credit union regulatory fund. |
| Section 490.203 | Office of financial and insurance services; hearing or proceeding; document retention; order or ruling. |
| Section 490.204 | Immunity. |
| Section 490.205 | Disclosure of information. |
| Section 490.206 | Rules; orders; declaratory rulings. |
| Section 490.207 | Examination by director; conduct; report; document, material, or information; confidentiality; disclosure; demand for production; request for discovery or disclosure; judicial review; appeal; best practices or other improvements; guidance to promote consistency and due process. |
| Section 490.208 | Application for additional powers by domestic credit unions. |
| Section 490.209 | Issuance of subpoena by circuit court. |
| Section 490.210 | Notice of charges; issuance and service; statement of facts; hearing; issuance of cease and desist order; enforcement; violation by foreign or federal credit union. |
| Section 490.211 | Temporary cease and desist order; conditions; injunction for setting aside order. |
| Section 490.212 | Notice of intention to remove person from office or to prohibit participation in conduct of affairs; conditions; hearing; order; issuance; basis; enforcement. |
| Section 490.213 | Stay of suspension or prohibition. |
| Section 490.214 | Individual charged with crime involving dishonesty or breach of trust; suspension from office or prohibition from participation in conduct of affairs; finding of not guilty or other disposition. |
| Section 490.215 | Administrative hearing. |
| Section 490.216 | Enforcement of notice or order; court jurisdiction. |
| Section 490.217 | Person subject to notice or order for violation of law; prohibited conduct; violation as misdemeanor; penalty. |
| Section 490.218 | Report from domestic credit union; requirements; notice; failure of domestic credit union to report by deadline; fine. |
| Section 490.219 | Delivery of order or written notice; methods. |
| Section 490.220 | Civil fine; assessment; limitation; commencement of action by attorney general; determination of amount of fine; conduct of administrative hearing. |
| Section 490.221 | Closure of principal place of business or branch; existence of emergency or legal holiday. |
| 215-2003-2-2 | PART 2 RECEIVERS (490.231...490.235) |
| Section 490.231 | Liquidation; appointment of federal agency as receiver. |
| Section 490.232 | Appointment of receiver; conditions; proceeding; bond; reporting schedule; subrogation of federal agency to rights of deposit owners. |
| Section 490.233 | Receiver; duties; powers. |
| Section 490.234 | Voidable transfer or lien; person knowingly implementing voidable transfer or lien; personal liability; prohibitions to voiding otherwise voidable transfer; "preference" defined. |
| Section 490.235 | Disposal of obsolete and unnecessary records; maintenance methods; reservation, deposit, and use of assets. |
| 215-2003-2-3 | PART 3 CONSERVATORSHIPS (490.241...490.245) |
| Section 490.241 | Appointment of conservator; grounds; bond and security; qualifications; payment of administrative expenses. |
| Section 490.242 | Possession of books, records, and assets; rights of parties; discharge of real estate mortgage. |
| Section 490.243 | Withdrawal by members and depositors and payment to other creditors; availability of amounts; receipt of shares and deposits; actions; return of control to credit union board; notice. |
| Section 490.244 | Authority of commissioner to borrow money; conditions; secured loans. |
| Section 490.245 | Termination of conservatorship; determination by commissioner; resumption of business transactions by domestic credit union; appointment of receiver; liquidation. |
| 215-2003-2-4 | PART 4 INVOLUNTARY MERGERS OR SALES (490.251...490.251) |
| Section 490.251 | Merger or sale; determination by commissioner; order; “distressed credit union” defined. |