Michigan § 390.960 Supervision and examination of authority; authority not banking organization; annual report.

Michigan Statutes

§ 390.960 — Supervision and examination of authority; authority not banking organization; annual report.

Michigan § 390.960

Ch. 390UNIVERSITIES AND COLLEGES

Act 77 of 1960MICHIGAN HIGHER EDUCATION ASSISTANCE AUTHORITY (390.951-390.961)

This text of Michigan § 390.960 (Supervision and examination of authority; authority not banking organization; annual report.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 390.960 (2026).

Text

MICHIGAN HIGHER EDUCATION ASSISTANCE AUTHORITY (EXCERPT) Act 77 of 1960 390.960 Supervision and examination of authority; authority not banking organization; annual report. Sec.

10.The authority is subject to the supervision and examination of the commissioner of the financial institutions bureau of the department of commerce. However, the authority is not considered to be a banking organization and is not required to pay a fee for the supervision or examination. The authority shall make an annual report of its condition to the governor and the legislature within 60 days after the legislature convenes.

Free access — add to your briefcase to read the full text and ask questions with AI

MICHIGAN HIGHER EDUCATION ASSISTANCE AUTHORITY (EXCERPT) Act 77 of 1960 390.960 Supervision and examination of authority; authority not banking organization; annual report. Sec. 10. The authority is subject to the supervision and examination of the commissioner of the financial institutions bureau of the department of commerce. However, the authority is not considered to be a banking organization and is not required to pay a fee for the supervision or examination. The authority shall make an annual report of its condition to the governor and the legislature within 60 days after the legislature convenes.