Michigan § 750.100 - Bank insolvency; receiving deposits.
Full text of Michigan Michigan Compiled Laws § 750.100 — Bank insolvency; receiving deposits., with citation guidance and answers to common questions.
§ 750.100. Bank insolvency; receiving deposits.
Receiving deposits, etc., when bank is insolvent—The directors and officers of any commercial and/or savings bank, industrial bank or trust company who shall fraudulently and with intent to cheat and defraud any person, receive any deposit, money, or property or issue any certificate of investment and receive payment therefor, knowing, or having good reason to believe that such bank or company is insolvent, shall be guilty of a felony, punishable by imprisonment in the state prison not more than 5 years or by fine of not more than 2,500 dollars.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 750.100
What does Michigan Compiled Laws § 750.100 cover?
Section 750.100 ("Bank insolvency; receiving deposits.") 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 § 750.100?
A common citation format is "Michigan Compiled Laws § 750.100" (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 § 750.100 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.