Mich. Comp. Laws § 487.12314

Current through Public Act 151 of the 2024 Legislative Session
Section 487.12314 - Notice to federal supervisory authorities

In connection with a proceeding under section 2304, 2305(1), or 2306, the commissioner shall provide the appropriate federal supervisory authorities with notice of intent to institute a proceeding and the grounds for the proceedings. An institution or other party that is the subject of any notice or order issued by the commissioner under section 2304, 2305, 2306, 2308, or 2310 shall not have standing to raise the requirements of section 2313 or this section with respect to notifying federal supervisory authorities as ground for attacking the validity of any notice or order.

MCL 487.12314

1999, Act 276, Eff. 3/1/2000.