Michigan § 487.13105 - Bank as body corporate; authorization.
Full text of Michigan Michigan Compiled Laws § 487.13105 — Bank as body corporate; authorization., with citation guidance and answers to common questions.
§ 487.13105. Bank as body corporate; authorization.
If the commissioner approves the articles of incorporation as required by this act, the bank shall become a body corporate. A bank shall not transact any business, except as is incidental and necessarily preliminary to its organization, until it has been authorized by the commissioner to commence the business of banking.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 487.13105
What does Michigan Compiled Laws § 487.13105 cover?
Section 487.13105 ("Bank as body corporate; authorization.") 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 § 487.13105?
A common citation format is "Michigan Compiled Laws § 487.13105" (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 § 487.13105 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.