{"data":{"id":"us-mi/mich.-comp.-laws-487.3503","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 487.3503","heading":"Officer or employee as agent in sale of stock or securities; prohibition.","body":"Sec. 503.\n\nAn officer or employee of a savings bank, in his or her individual capacity, shall not act as agent in the sale of stock or other securities to another person, or receive directly or indirectly any consideration or commission resulting from the sale of stock or other securities by others to the savings bank of which he or she is employed, unless authorized by order or declaratory ruling of the commissioner.","path":["MI Code","Chapter 487","Act Act-354-of-1996"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-487-3503","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"7bd15c04480f3b9567526fe42bf951eb87f3261f0b540cef13f50822457bc6ff","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-487.3502","next":"us-mi/mich.-comp.-laws-487.3504"},"notice":"GroundRules: Original legal text. Not legal advice."}