Michigan Banking Code definition

Michigan Banking Code means the Michigan Banking Code of 1999, as amended.
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Michigan Banking Code means the Michigan Banking Code of 1999, asamended.
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Examples of Michigan Banking Code in a sentence

  • All fiduciary powers of the Bank shall be exercised through the Trust Division under the supervision of the Trust Committee, subject to the Michigan Banking Code and subject to such regulations as the Michigan Financial Institutions Bureau shall from time to time establish.

  • No notice to, filing with, authorization of, exemption by, or consent or approval of, any Governmental Entity is necessary for the consummation of the transactions contemplated by this Plan of Merger by Company other than in connection or compliance with the provisions of the MBCA, compliance with federal and state securities Laws, and the consents, authorizations, approvals, or exemptions required under the Bank Holding Company Act, the FDI Act, and the Michigan Banking Code.

  • No notice to, filing with, authorization of, exemption by, or consent or approval of, any Governmental Entity is necessary for the consummation of the transactions contemplated by this Plan of Merger by Purchaser other than in connection or compliance with the provisions of the MBCA, compliance with federal and state securities Laws, and the consents, authorizations, approvals, or exemptions required under the Bank Holding Company Act, the FDI Act, and the Michigan Banking Code.

  • The Bank was organized in 1886 under the laws of Michigan and is subject to the Michigan Banking Code of 1969.

  • The purpose of this Bank is to carry on the business of banking pursuant to the Michigan Banking Code of 1969, as amended.

  • Section 1105 of the Michigan Banking Code of 1999 (MCLA 487.11105) provides that, except for acting as an escrow agent, only individuals and certain types of entities may act as fiduciaries in Michigan.

  • No notice to, filing with, authorization of, exemption by, or consent or approval of, any Governmental Entity is necessary for the consummation of the transactions contemplated by this Plan of Merger by Firstbank other than in connection or compliance with the provisions of the MBCA, compliance with federal and state securities laws, and the consents, authorizations, approvals, or exemptions required under the Bank Holding Company Act, the FDI Act, and the Michigan Banking Code.

  • Although no reported Michigan court decision has addressed the issue, it is our opinion that if the Trustee and the Representatives act as fiduciaries in Michigan without being permitted to do so by Section 1105 of the Michigan Banking Code of 1999, that will not cause the Indenture to be invalid or unenforceable.

  • The National Bank Act contains similar language, 12 USC § 24, subd 5, to the Michigan Banking Code, § MCL 487.451; MSA § 23.710(151):§ 24.

  • A state foreign bank branch that is authorized to exercise trust powers under the Michigan Banking Code of 1999.

Related to Michigan Banking Code

  • Federal home loan bank means a federal home loan bank established under the federal Home Loan Bank Act, 12 U.S.C. §1421 et seq.

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Michigan national guard means that term as defined in section 105 of the Michigan military act, 1967 PA 150, MCL 32.505.

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

  • Commercial sex act means any sex act on account of which anything of value is given to or received by any person.