Michigan § 487.11102 - Supervision and regulation of banking organizations; state policy.
Full text of Michigan Michigan Compiled Laws § 487.11102 — Supervision and regulation of banking organizations; state policy., with citation guidance and answers to common questions.
§ 487.11102. Supervision and regulation of banking organizations; state policy.
It is the policy of this state that the business of all banking organizations shall be supervised and regulated in a manner that insures the safe and sound conduct of business, to conserve their assets, promote competition among banking organizations, to maintain public confidence in the business, and to protect the public interest and the interests of depositors, creditors, and shareholders.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 487.11102
What does Michigan Compiled Laws § 487.11102 cover?
Section 487.11102 ("Supervision and regulation of banking organizations; state policy.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 487.11102?
A common citation format is "Michigan Compiled Laws § 487.11102" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 487.11102 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.