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MICHIGAN STATUTES AND CODES

Section 487.12105 - Employees; appointment by commissioner; compensation; duties; revocation.

BANKING CODE OF 1999 (EXCERPT)
Act 276 of 1999

487.12105 Employees; appointment by commissioner; compensation; duties; revocation.

Sec. 2105.

(1) The commissioner may appoint employees to carry out specific functions under this act. The compensation, travel, and other expenses of the commissioner, deputy commissioners, and employees shall be paid in the manner provided by law for other state officers and employees, within the appropriations made by the legislature.

(2) The commissioner may delegate to employees duties authorized to the commissioner under this act.

(3) The commissioner may, at any time, revoke any delegation made under this section.


History: 1999, Act 276, Eff. Mar. 1, 2000
Compiler's Notes: For transfer of authority, powers, duties, functions, and responsibilities of the commissioner of the financial institutions bureau to the commissioner of the office of financial and insurance services by type III transfer, see E.R.O. No. 2000-2, compiled at MCL 445.2003 of the Michigan compiled laws.

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