Michigan § 487.3603 - Procedures for liquidation; limitation.
Full text of Michigan Michigan Compiled Laws § 487.3603 — Procedures for liquidation; limitation., with citation guidance and answers to common questions.
§ 487.3603. Procedures for liquidation; limitation.
The full and exclusive procedures for the liquidation of a savings bank under this act shall be the procedures prescribed in this act and a receiver or other liquidating agent shall not be appointed for such purpose or for any savings bank or its assets and property except as expressly provided in this act.
Frequently Asked Questions About Michigan § 487.3603
What does Michigan Compiled Laws § 487.3603 cover?
Section 487.3603 ("Procedures for liquidation; limitation.") 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 § 487.3603?
A common citation format is "Michigan Compiled Laws § 487.3603" (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 § 487.3603 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.