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Code · Michigan · Chapter 487 — Financial Institutions

487.12102 Purpose of act.

101 words·~1 min read·/mi/chapter-487/487-12102

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487.12102 Purpose of act.
Sec. 2102.
This act shall be implemented by the commissioner to maximize the capacity of banks to offer convenient and efficient financial services, to promote economic development, and to ensure that banks remain competitive with other types of financial service providers.
History: 1999, Act 276 , Eff. Mar. 1, 2000
Compiler's Notes: For transfer of authority, powers, duties, functions, and responsibilities of the commissioner of the financial institutions bureau to the commissioner of the office of financial and insurance services by type III transfer, see E.R.O. No. 2000-2, compiled at MCL 445.2003 of the Michigan compiled laws.
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