Examples of Michigan Banking Code in a sentence
All fiduciary powers of the Bank shall be exercised through the Trust Division under the supervision of the Trust Committee, subject to the Michigan Banking Code and subject to such regulations as the Michigan Financial Institutions Bureau shall from time to time establish.
Except as otherwise set forth in the Final Prospectus, all outstanding shares of capital stock of the Principal Subsidiary Bank are owned, directly or indirectly, by the Company, free and clear of any perfected security interest and, subject to the provisions of and the Michigan Banking Code of 1969, as amended, any other security interests, claims, liens or encumbrances.
No notice to, filing with, authorization of, exemption by, or consent or approval of, any Governmental Entity is necessary for the consummation of the transactions contemplated by this Plan of Merger by Company other than in connection or compliance with the provisions of the MBCA, compliance with federal and state securities Laws, and the consents, authorizations, approvals, or exemptions required under the Bank Holding Company Act, the FDI Act, and the Michigan Banking Code.
The purpose of this Bank is to carry on the business of banking pursuant to the Michigan Banking Code of 1969, as amended.
No notice to, filing with, authorization of, exemption by, or consent or approval of, any Governmental Entity is necessary for the consummation of the transactions contemplated by this Plan of Merger by Mercantile other than in connection or compliance with the provisions of the MBCA, compliance with federal and state securities laws, and the consents, authorizations, approvals, or exemptions required under the Bank Holding Company Act, the FDI Act, and the Michigan Banking Code.
No notice to, filing with, authorization of, exemption by, or consent or approval of, any Governmental Entity is necessary for the consummation of the transactions contemplated by this Plan of Merger by Firstbank other than in connection or compliance with the provisions of the MBCA, compliance with federal and state securities laws, and the consents, authorizations, approvals, or exemptions required under the Bank Holding Company Act, the FDI Act, and the Michigan Banking Code.
No notice to, filing with, authorization of, exemption by, or consent or approval of, any Governmental Entity is necessary for the consummation of the transactions contemplated by this Plan of Merger by Purchaser other than in connection or compliance with the provisions of the MBCA, compliance with federal and state securities Laws, and the consents, authorizations, approvals, or exemptions required under the Bank Holding Company Act, the FDI Act, and the Michigan Banking Code.
The Bank Consolidation will be effected pursuant to a consolidation agreement (the "Bank Consolidation Agreement"), in the form required by the Michigan Banking Code of 1969, as amended (the "Michigan Banking Code"), the National Bank Act, as amended (the "National Bank Act"), and by any other applicable laws, containing terms and conditions, determined by Old Kent, not inconsistent with this Plan of Merger.
Except as stated in the Company's Recent SEC Reports, the Company owns directly all of the issued and outstanding capital securities of the 4 Trust and each Subsidiary, free and clear of any and all liens, claims, encumbrances or security interests, and all such capital securities have been duly authorized and validly issued and is fully paid and nonassessable (except to the extent provided in 12 U.S.C. Section 55, 12 U.S.C. Section 1831o, or Section 201 of the Michigan Banking Code of 1969, as amended).
No notice to, filing with, authorization of, exemption by, or consent or approval of, any public body or authority is necessary for the consummation of the Merger by Grand Premier other than in connection or compliance with the provisions of the Michigan Act and DGCL, compliance with federal and state securities laws, and the consents, authorizations, approvals, or exemptions required under the Federal Bank Holding Company Act, the FDIA, and the Michigan Banking Code.