Michigan § 487.12103 - Powers and duties vested under former act; transfer of property, books, and other papers; effect of orders and rules.
Full text of Michigan Michigan Compiled Laws § 487.12103 — Powers and duties vested under former act; transfer of property, books, and other papers; effect of orders and rules., with citation guidance and answers to common questions.
§ 487.12103. Powers and duties vested under former act; transfer of property, books, and other papers; effect of orders and rules.
The powers and duties vested by law in the financial institutions bureau under former 1969 PA 319 are vested in the bureau under this act. Any hearing or other proceeding pending before the bureau before the effective date of this act shall not abate but is transferred to the bureau under this act and shall be conducted and determined by the bureau in accordance with the provisions of the law governing such hearing or proceeding.
All property, credits, books, correspondence, funds, appropriations, records, files, and other papers belonging to the financial institutions bureau under former 1969 PA 319 are transferred to the bureau under this act. All orders and rules which have been issued under law by the commissioner under former 1969 PA 319, and which are in effect shall continue in effect until modified, suspended, revoked, or repealed by the commissioner.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 487.12103
What does Michigan Compiled Laws § 487.12103 cover?
Section 487.12103 ("Powers and duties vested under former act; transfer of property, books, and other papers; effect of orders and rules.") 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 § 487.12103?
A common citation format is "Michigan Compiled Laws § 487.12103" (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 § 487.12103 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.