The provided legal document content covers various aspects of administration in domestic credit unions under the Michigan Credit Union Act. It governs the insurance of member share accounts and member deposit accounts in domestic credit unions, requiring them to apply for and maintain insurance from a federal government agency. If insurance is denied or terminated, the credit union must dissolve, merge, or apply for additional time. Domestic credit unions are also required to establish and maintain reserves that qualify them for insurance and meet the commissioner’s requirements.

The provided legal document content pertains to Chapter XIII of the Michigan Compiled Laws, which governs bank, deposit, and trust companies. It specifically focuses on the Michigan financial institutions act and its provisions. The document states that any officer, clerk, agent, or employee of a financial institution mentioned in the act who knowingly aids or assists in a violation of the act or its amendments will be guilty of a felony.

This section of the Michigan Penal Code governs the making, drawing, uttering, or delivering of checks, drafts, or orders for payment of money without sufficient funds with the intent to defraud. It applies to any person who engages in such actions. However, there are exemptions if the lack of funds is due to garnishment, attachment, levy, or other lawful cause, and the person was unaware of this at the time of making, drawing, uttering, or delivering the check, draft, or order.

The provided legal document content pertains to Chapter XLIV of the Michigan Penal Code, which governs gambling activities and transactions in the state of Michigan. It applies to individuals and entities involved in such activities and transactions. The chapter prohibits various forms of gambling, including the keeping or conducting of pretended buying or selling of stocks, bonds, grain, provisions, or other produce without the intention of receiving and paying for the property or delivering the property.

This provision, found in the Michigan Penal Code, governs the fraudulent use of a financial transaction device to withdraw or transfer funds in violation of contractual limitations. It applies to any person who knowingly and with intent to defraud uses a financial transaction device to withdraw or transfer funds from a deposit account. The penalties for violating this provision vary based on the amount of funds withdrawn or transferred, ranging from a misdemeanor to a felony.

The provided legal document content authorizes banks, industrial banks, and trust companies to qualify as issuing agents for the sale of United States defense savings bonds and similar obligations. These institutions may deposit and/or pledge assets as required to qualify as such agents. The document does not affect the limitations and restrictions of Act No. 341 of the Public Acts of 1937, except as provided in this act. The document applies to banks, industrial banks, and trust companies, without any specific exemptions or penalties mentioned.

These legal documents pertain to the Lawful Sports Betting Act in Michigan, which governs various aspects of sports betting operations in the state. The documents cover the application process for licenses, collection of fingerprints and criminal history record checks, reporting requirements for internet sports betting operations, allocation of tax imposed on sports betting operators, creation and administration of the internet sports betting fund, responsible gaming database, prohibited conduct related to internet sports betting, jurisdiction and supervision of the Michigan Gaming Control Board over internet sports betting operations, age verification requirements and unauthorized use and fraud prevention, use of league data for determining the results of tier 2 sports bets, issuance of sports betting operator licenses, and issuance of sports betting supplier licenses.

The Lawful Internet Gaming Act in Michigan governs the regulation and operation of internet gaming in the state. It establishes the Michigan Gaming Control Board as the regulatory authority and sets requirements for licensing and approval of internet gaming operators and suppliers. The act defines various terms related to internet gaming and outlines the types of games that can be offered. It establishes qualifications, standards, and procedures for licensure, as well as requirements for responsible gaming and technical standards.

The Fantasy Contests Consumer Protection Act in Michigan prohibits the offering of fantasy contests in the state without a license from the board. It is also a violation to knowingly make a false statement on a license application or provide false testimony to the board. The board is not allowed to issue a license to a person who violates these provisions. Violating the prohibition on offering fantasy contests without a license is a crime.

The Credit Reform Act, part of the Michigan Compiled Laws, governs the charge, collection, and receipt of interest rates or finance charges in Michigan. Regulated lenders are allowed to charge, collect, and receive any rate of interest or finance charge for an extension of credit, not exceeding 25% per annum. However, depository institutions are allowed to charge, collect, and receive any rate of interest or finance charge for a credit card arrangement.