Mich. Comp. Laws » Michigan Compiled Laws / Chapter 487 / Act 276 of 1999

Mich. Comp. Laws § 487.11101

Short title.

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BANKING CODE OF 1999


Act 276 of 1999


487.11101 Short title.

Sec. 1101.

    This act shall be known and may be cited as the "banking code of 1999".

History: 1999, Act 276, Eff. Mar. 1, 2000

Compiler's Notes:

    For transfer of authority, powers, duties, functions, and responsibility of the financial institutions bureau and the commissioner of the financial institutions bureau to the commissioner of the office of financial and insurance services and 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.

Notes of Decisions
Cited in 5 cases (3 in the last 5 years), 2019–2023 · leading case: Comerica Inc v. Department of Treasury
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Comerica Inc v. Department of Treasury (2022) mich · cites it 2× “In an opinion by Justice CLEMENT, joined by Justices ZAHRA, VIVIANO, and BERNSTEIN, the Supreme Court held: Tax credits that had been lawfully acquired by one Comerica subsidiary, a Michigan bank, passed by operation of law under the Banking Code, MCL 487.11101 et seq., to…”
Comerica Inc v. Department of Treasury (2022) mich · cites it 2× “In an opinion by Justice CLEMENT, joined by Justices ZAHRA, VIVIANO, and BERNSTEIN, the Supreme Court held: Tax credits that had been lawfully acquired by one Comerica subsidiary, a Michigan bank, passed by operation of law under the Banking Code, MCL 487.11101 et seq., to…”
Linda Dice v. Esther G Bennett Revocable Trust (2019) michctapp “The Banking Code of 1999, MCL 487.11101 et seq., provides that “only an individual or corporation shall act as a fiduciary in this state.”
Comerica Inc v. Department of Treasury (2020) michctapp “” However, under the Banking Code, MCL 487.11101 et seq., both state and out-of-state banks are considered “banking corporations.”
Keeper of the Word Foundation v. First Independence Bank (2023) michctapp “2 MCL 487.11101 et seq. -3- jurisdiction.3 A court that has decided that it lacks jurisdiction over the subject matter of a claim is prevented from reaching the merits of the claim, and that outcome does not preclude subsequent litigation of that claim in a competent forum.”
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