Michigan § 487.3420 - Discontinuing operations of branch or agency office; transfer of functions.
Full text of Michigan Michigan Compiled Laws § 487.3420 — Discontinuing operations of branch or agency office; transfer of functions., with citation guidance and answers to common questions.
§ 487.3420. Discontinuing operations of branch or agency office; transfer of functions.
If a savings bank permanently discontinues the operations of any branch or agency office, all bills, checks, and notes otherwise presentable for acceptance or payment, all deposits to be made or withdrawn, all notices to stop payment of checks to be given, and similar functions, shall be deemed transferable to, and treated as a part of, the principal office of the savings bank. The savings bank shall give written notice to the commissioner before discontinuing operations of any branch or agency office.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 487.3420
What does Michigan Compiled Laws § 487.3420 cover?
Section 487.3420 ("Discontinuing operations of branch or agency office; transfer of functions.") 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 § 487.3420?
A common citation format is "Michigan Compiled Laws § 487.3420" (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 § 487.3420 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.