Michigan § 487.3801 - Use of “bank,”“banker,” or “banking.”
Full text of Michigan Michigan Compiled Laws § 487.3801 — Use of “bank,”“banker,” or “banking.”, with citation guidance and answers to common questions.
§ 487.3801. Use of “bank,”“banker,” or “banking.”
The use of the word "bank", "banker", or "banking", or words in any foreign language of similar meaning, as a designation or name or part of a designation or name under which business is conducted in this state, is restricted to a national bank, a savings bank subject to this act, a bank, out-of-state bank, a bank holding company, a foreign bank agency, or a foreign bank branch, that is lawfully conducting business in this state, except if the designation or name, taken as a whole, would not imply a banking business.
A savings bank subject to this act may use the phrase "state savings bank" or "savings bank" as part of a designation or name.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 487.3801
What does Michigan Compiled Laws § 487.3801 cover?
Section 487.3801 ("Use of “bank,”“banker,” or “banking.”") 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 § 487.3801?
A common citation format is "Michigan Compiled Laws § 487.3801" (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 § 487.3801 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.