Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

Code · Michigan · Chapter 487 — Financial Institutions

487.1201 Administration of act; orders; rules; imposition of conditions; applications for declaratory rulings; judicial review.

174 words·~1 min read·/mi/chapter-487/487-1201

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

487.1201 Administration of act; orders; rules; imposition of conditions; applications for declaratory rulings; judicial review.
Sec. 201.
(1)The commissioner shall administer this act. The commissioner may issue orders and promulgate rules that, in the opinion of the commissioner, are necessary to execute, enforce, and effectuate the purposes of this act. Any rules promulgated shall be promulgated in accordance with the administrative procedures act of 1969, Act No. 306 of the Public Acts of 1969, being sections 24.201 to 24.328 of the Michigan Compiled Laws.
(2)Whenever the commissioner issues an order or license under this act, the commissioner may impose conditions that are necessary, in the opinion of the commissioner, to carry out this act and the purposes of this act.
(3)The commissioner may honor applications from interested persons for declaratory rulings regarding any provision of this act.
(4)Every final order, decision, license, or other official act of the commissioner under this act is subject to judicial review in accordance with law.
History: 1986, Act 89, Imd. Eff. May 1, 1986
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.