Michigan legislation · 103rd Legislature
Michigan HB6374: Commercial code: other; references to uniform commercial code in banking code of 1999; revise. Amends secs. 1203, 3714 & 3808 of 1999 PA 276 (MCL 487.11203 et seq.). TIE BAR WITH: HB 6347'26
Status: In committee, September 24, 2026
What the bill says
To amend 1999 PA 276, entitled "Banking code of 1999," by amending sections 1203, 3714, and 3808 (MCL 487.11203, 487.13714, and 487.13808), section 1203 as amended by 2016 PA 175.
From the introduced text, September 24, 2026:
A bill to amend 1999 PA 276, entitled "Banking code of 1999," by amending sections 1203, 3714, and 3808 (MCL 487.11203, 487.13714, and 487.13808), section 1203 as amended by 2016 PA 175. the people of the state of michigan enact: Sec. 1203. As used in this act: (a) "Savings bank" means a savings bank that is organized under the savings bank act, 1996 PA 354, MCL 487.3101 to 487.3804, or the laws of another state, the District of Columbia, a territory or protectorate of the United States, or of the United States, whose deposits are insured by the Federal Deposit Insurance Corporation. (b) "Service entity" means a corporation, mutual company, limited liability company, limited liability partnership, or limited partnership in which a bank has invested under section 4310(1). With the written approval of the director, a service entity may be a general partnership. (c) "Service provider" means a person that provides any of the following to an institution: (i) Data processing services. (ii) Activities that support financial services, including, but not limited to, lending, funds transfer, fiduciary activities, trading activities, and deposit taking. (iii) Internet-related services, including, but not limited to, web services and electronic bill payments, mobile applications, system and software development and maintenance, and security monitoring. (iv) Activities related to the business of banking. (d) "Shareholder" means the …
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 HB6374?
- HB6374 is a bill in the Michigan Legislature (103rd Legislature): Commercial code: other; references to uniform commercial code in banking code of 1999; revise. Amends secs. 1203, 3714 & 3808 of 1999 PA 276 (MCL 487.11203 et seq.). TIE BAR WITH: HB 6347'26.
- What does HB6374 do?
- In its own words: To amend 1999 PA 276, entitled "Banking code of 1999," by amending sections 1203, 3714, and 3808 (MCL 487.11203, 487.13714, and 487.13808), section 1203 as amended by 2016 PA 175.
- What is the status of HB6374?
- In committee as of September 24, 2026. Latest action: bill electronically reproduced 09/24/2026 (September 24, 2026).
- Who sponsored HB6374?
- Wozniak, Douglas (R, 59).
- Where is the official record for HB6374?
- On the Michigan Legislature website: https://www.legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-6374
Source: official Michigan record. Tracked by Delilah, AI for legislation across all 50 states and Congress.