Mich. Comp. Laws § 487.14107: Sale or purchase of bank branch.

Sec. 4107.

A bank may sell 1 or more of its branches, without selling all or substantially all of the bank, to another depository institution located in this state or in a state whose laws would permit a bank to purchase 1 or more branches in that state of the purchasing depository institution.

A bank may purchase 1 or more branches of another depository institution, without purchasing all or substantially all of the depository institution.

A bank that proposes to purchase 1 or more branches under subsection (2) shall provide notice to the commissioner under section 3711 before operating the purchased branch or branches.