{"data":{"id":"us-mi/mich.-comp.-laws-487.14310","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 487.14310","heading":"Investment in service entity.","body":"Sec. 4310.\n\nAs authorized by order or declaratory ruling of the commissioner, a bank may invest in service entities that engage in activities in which a bank is not authorized to engage.\n\nThe maximum aggregate investment by a bank in service entities shall be the lesser of 5% of the bank's total assets or 75% of its capital and surplus.\n\nThe commissioner shall give notice to all banks of orders and declaratory rulings issued under this section.\n\nFor purposes of subsection (2), investment in a service entity shall include loans by a bank or its subsidiary to a service entity.\n\nSubject to the investment limit in subsection (2), a bank or its subsidiary that has made an initial investment in a service entity may make additional investments in that service entity without notice to the commissioner.","path":["MI Code","Chapter 487","Act Act-276-of-1999"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-487-14310","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"21d9d12b9906e1a066b757b60936862c3f32d58cee907e484d61d2fc44eeb2c0","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-487.14309","next":"us-mi/mich.-comp.-laws-487.14401"},"notice":"GroundRules: Original legal text. Not legal advice."}