Article 2. Supervision By Commissioner
Part 1. Administration, Supervision, and Enforcement
- MCL 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
- MCL 490.202 Fee, Fine, Or Other Money Received Or Collected By Director; Disposition; Establishment of Credit Union Regulatory Fund
- MCL 490.203 Office of Financial and Insurance Services; Hearing Or Proceeding; Document Retention; Order Or Ruling
- MCL 490.204 Immunity
- MCL 490.205 Disclosure of Information
- MCL 490.206 Rules; Orders; Declaratory Rulings
- MCL 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
- MCL 490.208 Application For Additional Powers By Domestic Credit Unions
- MCL 490.209 Issuance of Subpoena By Circuit Court
- MCL 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
- MCL 490.211 Temporary Cease and Desist Order; Conditions; Injunction For Setting Aside Order
- MCL 490.212 Notice of Intention to Remove Person From Office Or to Prohibit Participation In Conduct of Affairs; Conditions; Hearing; Order; Issuance; Basis; Enforcement
- MCL 490.213 Stay of Suspension Or Prohibition
- MCL 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
- MCL 490.215 Administrative Hearing
- MCL 490.216 Enforcement of Notice Or Order; Court Jurisdiction
- MCL 490.217 Person Subject to Notice Or Order For Violation of Law; Prohibited Conduct; Violation As Misdemeanor; Penalty
- MCL 490.218 Report From Domestic Credit Union; Requirements; Notice; Failure of Domestic Credit Union to Report By Deadline; Fine
- MCL 490.219 Delivery of Order Or Written Notice; Methods
- MCL 490.220 Civil Fine; Assessment; Limitation; Commencement of Action By Attorney General; Determination of Amount of Fine; Conduct of Administrative Hearing
- MCL 490.221 Closure of Principal Place of Business Or Branch; Existence of Emergency Or Legal Holiday
Part 2. Receivers
- MCL 490.231 Liquidation; Appointment of Federal Agency As Receiver
- MCL 490.232 Appointment of Receiver; Conditions; Proceeding; Bond; Reporting Schedule; Subrogation of Federal Agency to Rights of Deposit Owners
- MCL 490.233 Receiver; Duties; Powers
- MCL 490.234 Voidable Transfer Or Lien; Person Knowingly Implementing Voidable Transfer Or Lien; Personal Liability; Prohibitions to Voiding Otherwise Voidable Transfer; "Preference" Defined
- MCL 490.235 Disposal of Obsolete and Unnecessary Records; Maintenance Methods; Reservation, Deposit, and Use of Assets
Part 3. Conservatorships
- MCL 490.241 Appointment of Conservator; Grounds; Bond and Security; Qualifications; Payment of Administrative Expenses
- MCL 490.242 Possession of Books, Records, and Assets; Rights of Parties; Discharge of Real Estate Mortgage
- MCL 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
- MCL 490.244 Authority of Commissioner to Borrow Money; Conditions; Secured Loans
- MCL 490.245 Termination of Conservatorship; Determination By Commissioner; Resumption of Business Transactions By Domestic Credit Union; Appointment of Receiver; Liquidation
Part 4. Involuntary Mergers Or Sales