Michigan legislation · 103rd Legislature
Michigan HB6373: Commercial code: other; references to uniform commercial code in savings bank act; revise. Amends secs. 103, 415 & 501 of 1996 PA 354 (MCL 487.3103 et seq.). TIE BAR WITH: HB 6347'26
Status: In committee, September 24, 2026
What the bill says
To amend 1996 PA 354, entitled "Savings bank act," by amending sections 103, 415, and 501 (MCL 487.3103, 487.3415, and 487.3501), section 103 as amended by 2000 PA 480 and section 501 as amended by 2000 PA 482.
From the introduced text, September 24, 2026:
A bill to amend 1996 PA 354, entitled "Savings bank act," by amending sections 103, 415, and 501 (MCL 487.3103, 487.3415, and 487.3501), section 103 as amended by 2000 PA 480 and section 501 as amended by 2000 PA 482. the people of the state of michigan enact: Sec. 103. As used in this act: (a) "LLC member" means a person with ownership interest under the Michigan limited liability company act, 1993 PA 23, MCL 450.4101 to 450.5200. (b) "Loan production office" means an office of the savings bank at which only activities related to money lending are conducted, which is not the principal office or a branch or an agency office or an office of an affiliated depository institution. (c) "Member" means a person holding a savings account of a mutual savings bank. (d) "Messenger service" means a service, such as including, but not limited to, a courier service or an armored car service, that picks up from or delivers to customers of 1 or more depository institutions or 1 or more affiliates of a depository institution cash, currency, checks, drafts, securities, or other items relating to transactions between or involving a depository institution or affiliate of a depository institution and those customers, or that transfers cash, currency, checks, drafts, securities, or other items or documents between depository institutions …
Sponsors
- Wozniak, Douglas (R, 59) · primary sponsor
Latest actions
- : bill electronically reproduced 09/24/2026
- : referred to Committee on Finance
- : read a first time
- : introduced by Representative Rep. Douglas Wozniak
Subjects: Commercial code: other
Common questions
- What is HB6373?
- HB6373 is a bill in the Michigan Legislature (103rd Legislature): Commercial code: other; references to uniform commercial code in savings bank act; revise. Amends secs. 103, 415 & 501 of 1996 PA 354 (MCL 487.3103 et seq.). TIE BAR WITH: HB 6347'26.
- What does HB6373 do?
- In its own words: To amend 1996 PA 354, entitled "Savings bank act," by amending sections 103, 415, and 501 (MCL 487.3103, 487.3415, and 487.3501), section 103 as amended by 2000 PA 480 and section 501 as amended by 2000 PA 482.
- What is the status of HB6373?
- In committee as of September 24, 2026. Latest action: bill electronically reproduced 09/24/2026 (September 24, 2026).
- Who sponsored HB6373?
- Wozniak, Douglas (R, 59).
- Where is the official record for HB6373?
- On the Michigan Legislature website: https://www.legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-6373
Source: official Michigan record. Tracked by Delilah, AI for legislation across all 50 states and Congress.