Bill Text: MI HB5835 | 2011-2012 | 96th Legislature | Chaptered
Bill Title: Financial institutions; savings and loan associations; savings and loan act of 1980; repeal. Repeals 1980 PA 307 (MCL 491.102 - 491.1202).
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2012-12-31 - Assigned Pa 503'12 With Immediate Effect 2012 Addenda [HB5835 Detail]
Download: Michigan-2011-HB5835-Chaptered.html
Act No. 503
Public Acts of 2012
Approved by the Governor
December 20, 2012
Filed with the Secretary of State
December 28, 2012
EFFECTIVE DATE: December 28, 2012
STATE OF MICHIGAN
96TH LEGISLATURE
REGULAR SESSION OF 2012
Introduced by Rep. Farrington
ENROLLED HOUSE BILL No. 5835
AN ACT to repeal 1980 PA 307, entitled “An act to revise and codify the laws relating to savings and loan associations; to provide for the incorporation, regulation, supervision, and internal administration of associations; to prescribe the rights, powers, and immunities of associations; to provide for voluntary and involuntary changes in the corporate structure of associations; to prescribe the powers, rights, and duties of certain state agencies in relation to associations; to require certain reports and examinations of associations; to prescribe remedies and penalties for violations of this act; and to repeal certain acts and parts of acts,” (MCL 491.102 to 491.1202).
The People of the State of Michigan enact:
Enacting section 1. The savings and loan act of 1980, 1980 PA 307, MCL 491.102 to 491.1202, is repealed effective December 31, 2012.
This act is ordered to take immediate effect.
Clerk of the House of Representatives
Secretary of the Senate
Approved
Governor
