MCL - Act 232 of 1978
AN ACT to permit financial institutions to suspend business in the event of an existing or impending emergency; to prescribe the powers and duties of financial institution officers and certain state agencies and officials; and to declare the legal effect of the suspensions of business authorized by this act.
History: 1978, Act 232, Imd. Eff. June 14, 1978
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Am. 2006, Act 134, Imd. Eff. May 12, 2006
| Document | Type | Description |
|---|---|---|
| Section 487.941 | Section | Definitions. |
| Section 487.942 | Section | Authorizing or ordering financial institutions to close offices because of existing or impending emergency; duration; advising governor; authorization to close financial institution on day of national mourning, rejoicing, or other special observance. |
| Section 487.943 | Section | Determination not to open or to close office of financial institution during emergency. |
| Section 487.944 | Section | Notice of closing. |
| Section 487.945 | Section | Period financial institution closed as legal holiday. |
| Section 487.946 | Section | Obligations to employees not altered. |