{"data":{"id":"us-mi/mich.-comp.-laws-487.12101","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 487.12101","heading":"Financial institutions bureau; creation; jurisdiction; commissioner; appointment; duties; seal; other employment.","body":"Sec. 2101.\n\nA financial institutions bureau is created within the department of consumer and industry services, and the bureau shall have jurisdiction over and administer the laws relating to financial institutions transacting business in this state.\n\nThe head of the financial institutions bureau is the commissioner who shall be appointed by the governor, with the advice and consent of the senate, to serve at the pleasure of the governor.\n\nBefore assuming the duties of office, the commissioner shall take and subscribe the constitutional oath of office and file it with the secretary of state.\n\nThe commissioner shall approve a seal for the use of the bureau. A description and impression of the seal shall be filed with the secretary of state.\n\nThe commissioner is prohibited for a period of 6 months from the date he or she leaves office from accepting employment with a state chartered depository financial institution regulated by the bureau.","path":["MI Code","Chapter 487","Act Act-276-of-1999"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-487-12101","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"58cd6d6e586a1c8d2767010b8811fa25e505e9055173d5a4e604def90ad0ef6a","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-487.11203","next":"us-mi/mich.-comp.-laws-487.12102"},"notice":"GroundRules: Original legal text. Not legal advice."}