Michigan § 487.14107 - Sale or purchase of bank branch.
Full text of Michigan Michigan Compiled Laws § 487.14107 — Sale or purchase of bank branch., with citation guidance and answers to common questions.
§ 487.14107. Sale or purchase of bank branch.
A bank may sell 1 or more of its branches, without selling all or substantially all of the bank, to another depository institution located in this state or in a state whose laws would permit a bank to purchase 1 or more branches in that state of the purchasing depository institution.
A bank may purchase 1 or more branches of another depository institution, without purchasing all or substantially all of the depository institution.
A bank that proposes to purchase 1 or more branches under subsection (2) shall provide notice to the commissioner under section 3711 before operating the purchased branch or branches.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 487.14107
What does Michigan Compiled Laws § 487.14107 cover?
Section 487.14107 ("Sale or purchase of bank branch.") 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 § 487.14107?
A common citation format is "Michigan Compiled Laws § 487.14107" (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 § 487.14107 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.