{"data":{"id":"us-mi/mich.-comp.-laws-490.244","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 490.244","heading":"Authority of commissioner to borrow money; conditions; secured loans.","body":"Sec. 244.\n\nWith the prior approval of the commissioner, a conservator appointed under this part may borrow money necessary or expedient to aid in the operation or reorganization of the domestic credit union and may secure the loans by the pledge of or lien, security interest, or mortgage on the assets of the domestic credit union.","path":["MI Code","Chapter 490","Act Act-215-of-2003"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-490-244","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"d2cb8a0905aa4fac7e0099f99e4bba7b5cf54a5057efd01c5badceb518c00db2","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-490.243","next":"us-mi/mich.-comp.-laws-490.245"},"notice":"GroundRules: Original legal text. Not legal advice."}