This legal document pertains to loans and advances of credit made under the National Housing Act in the state of Michigan. It states that no state law prescribing the nature, amount, or form of security or deposit, or requiring security for loans or advances of credit, or limiting interest rates or the period for which loans or advances of credit may be made, shall apply to loans or advances of credit made pursuant to section 1 of this act.

This legal provision, found in the Michigan Compiled Laws under the Credit Union Act, governs the conduct of business by foreign credit unions in the state of Michigan. It specifies that a foreign credit union, other than a federal credit union, can only conduct business as a credit union in Michigan with the written approval of the commissioner. The commissioner will grant approval if the foreign credit union meets certain requirements, including being organized under a similar law, being financially solvent, having insurance through a federal government agency, being examined and supervised by the supervisory authority of the state or territory where it is organized, and adequately serving its members in Michigan.

The provided legal document content pertains to the suspension of business of banks and savings and loan associations in Michigan. It applies to state chartered banks, savings banks, credit unions, and savings and loan associations that fall under the regulatory authority of the commissioner of the office of financial and insurance services in the department of labor and economic growth. The document defines the term ’emergency’ as a condition or occurrence that interferes with normal business operations or poses a threat to safety and security.

The McCauley-Traxler-Law-Bowman-McNeely Lottery Act is a comprehensive legal document that governs various aspects related to the state lottery fund in Michigan. It establishes the bureau of state lottery and defines the role and responsibilities of the commissioner of state lottery. The act covers the licensing of agents to sell lottery tickets, the apportionment of revenue for payment of prizes, the deposit of moneys collected from the sale of lottery tickets, the study of compulsive gambling, and the reporting requirements of the commissioner.

This legal document, as per the Michigan Compiled Laws, governs the rules regarding deposits made in joint names in banking institutions. When a deposit is made in the name of a depositor or another person, and is payable to either or the survivor of them, the deposit and any additions made by either person become the joint property of the named persons. The deposit can be paid to either person during their lifetime or to the survivor after the death of one of them.

The Money Transmission Services Act, under the Michigan Compiled Laws, governs the regulation of money transmission services in the state of Michigan. It applies to persons engaged in money transmission services, including agencies, applicants, and authorized delegates. The act defines various terms used in the act and provides definitions for specific instruments and entities involved in money transmission. The act does not apply to certain entities, such as governmental subdivisions, depository financial institutions, and registered securities broker-dealers.

This section of the Michigan Banking Code of 1999 governs the establishment and operation of state agency or state foreign bank branch by a foreign bank. It outlines the requirements for a foreign bank to establish and operate a state agency or state foreign bank branch in Michigan, including being authorized by its charter or articles of incorporation to engage in banking, complying with the laws of its home country, and not operating a federal agency in Michigan.

The Horse Racing Law of 1995 in Michigan governs prohibited acts related to horse racing in the state. It applies to any person involved in horse racing in Michigan. The document prohibits various acts, such as introducing foreign substances into a horse’s nostrils or windpipe, possessing unauthorized drugs or devices that can affect a horse’s racing condition or performance, and possessing controlled substances or instruments without proper authorization. Violation of these provisions is considered a misdemeanor and can result in a fine, imprisonment, or both.

The Uniform Unclaimed Property Act in Michigan governs the handling of unclaimed property. It applies to various entities, including business associations, utilities, insurance companies, banking organizations, financial organizations, and individuals. The act establishes requirements for reporting and delivering unclaimed property to the administrator. It also outlines provisions for the sale of abandoned property, the treatment of outstanding travelers checks and money orders, the presumption of abandonment for various types of property, and the publication of notices for unclaimed property.

The provided legal document content pertains to the process for recognizing adverse claims to bank deposits in Michigan. The law requires claimants to provide notice to the bank and either obtain a restraining order or injunction from a court of competent jurisdiction against the bank, with the person to whose credit the deposit stands as a party, or execute a bond indemnifying the bank from any liability, loss, damage, costs, and expenses related to the adverse claim or the dishonor of the person’s check or order.