(i) A savings bank, directly or indirectly, owns or controls either a majority of its voting shares or more than 50% of the number of shares voted for the election of its directors, trustees, or other persons exercising similar functions at the preceding election, or controls in any manner the election of a majority of its directors, trustees, or other persons exercising similar functions. See Michigan Laws 487.3102

Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.

Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.

Bank: means a state banking corporation organized or reorganized under the provisions of the banking code of 1999, 1999 PA 276, MCL 487. See Michigan Laws 487.3102

Commissioner: means the commissioner of the office of financial and insurance services. See Michigan Laws 487.3102

Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.

Contract: A legal written agreement that becomes binding when signed.

Department: means the department of natural resources. See Michigan Laws 324.95161

Dog: includes a domesticated dog and a dog used for hunting. See Michigan Laws 324.95161

Fiduciary: A trustee, executor, or administrator.

Fiduciary: means a trustee, executor, administrator, guardian, conservator, agent, receiver, trustee in bankruptcy, assignee for creditors, or any holder of a similar position of trust. See Michigan Laws 487.3102

Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.

Lien: A claim against real or personal property in satisfaction of a debt.

Person: means an individual, corporation, limited liability company, governmental entity, partnership, limited liability partnership, or other legal entity. See Michigan Laws 487.3103

Personal property: All property that is not real property.

Savings bank: means a state banking corporation organized or reorganized under this act. See Michigan Laws 487.3103

state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o

Trustee: A person or institution holding and administering property in trust.

United States: shall be construed to include the district and territories. See Michigan Laws 8.3o