MCL - 215-2003-2-3
Act 215 of 2003
CONSERVATORSHIPS
| Document | Type | Description |
|---|---|---|
| Section 490.241 | Section | Appointment of conservator; grounds; bond and security; qualifications; payment of administrative expenses. |
| Section 490.242 | Section | Possession of books, records, and assets; rights of parties; discharge of real estate mortgage. |
| Section 490.243 | Section | 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 | Section | Authority of commissioner to borrow money; conditions; secured loans. |
| Section 490.245 | Section | Termination of conservatorship; determination by commissioner; resumption of business transactions by domestic credit union; appointment of receiver; liquidation. |