Michigan § 487.14310 - Investment in service entity.
Full text of Michigan Michigan Compiled Laws § 487.14310 — Investment in service entity., with citation guidance and answers to common questions.
§ 487.14310. Investment in service entity.
As authorized by order or declaratory ruling of the commissioner, a bank may invest in service entities that engage in activities in which a bank is not authorized to engage.
The maximum aggregate investment by a bank in service entities shall be the lesser of 5% of the bank's total assets or 75% of its capital and surplus.
The commissioner shall give notice to all banks of orders and declaratory rulings issued under this section.
For purposes of subsection (2), investment in a service entity shall include loans by a bank or its subsidiary to a service entity.
Subject to the investment limit in subsection (2), a bank or its subsidiary that has made an initial investment in a service entity may make additional investments in that service entity without notice to the commissioner.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 487.14310
What does Michigan Compiled Laws § 487.14310 cover?
Section 487.14310 ("Investment in service entity.") 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 § 487.14310?
A common citation format is "Michigan Compiled Laws § 487.14310" (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 § 487.14310 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.