MCL - 215-2003-2-2

CREDIT UNION ACT (EXCERPT)
Act 215 of 2003
Part 2
RECEIVERS
Document Type Description
Section 490.231 Section Liquidation; appointment of federal agency as receiver.
Section 490.232 Section Appointment of receiver; conditions; proceeding; bond; reporting schedule; subrogation of federal agency to rights of deposit owners.
Section 490.233 Section Receiver; duties; powers.
Section 490.234 Section Voidable transfer or lien; person knowingly implementing voidable transfer or lien; personal liability; prohibitions to voiding otherwise voidable transfer; "preference" defined.
Section 490.235 Section Disposal of obsolete and unnecessary records; maintenance methods; reservation, deposit, and use of assets.