{"data":{"id":"us-mi/mich.-comp.-laws-490.231","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 490.231","heading":"Liquidation; appointment of federal agency as receiver.","body":"Sec. 231.\n\nExcept as provided in subsection (2), a domestic credit union shall only be liquidated as provided in this part. A receiver or other liquidating agent shall only be appointed for a domestic credit union or its assets and property under this part.\n\nIf a federal agency is appointed as receiver of a domestic credit union, the receivership procedures of the federal agency shall govern the receivership.","path":["MI Code","Chapter 490","Act Act-215-of-2003"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-490-231","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"8f9a839f2829e72a2c777848174b4e0776830b9d983b9580953f3c8f75427dcb","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-490.221","next":"us-mi/mich.-comp.-laws-490.232"},"notice":"GroundRules: Original legal text. Not legal advice."}