Compiled Laws, Chapter 750. Michigan Penal Code § 750.96

Sec. 96.FRAUDULENT DISPOSAL OF PROPERTY OF BANK BY OFFICERS, ETC.--Any officer or agent of any bank, knowing such bank to be insolvent, or, in contemplation of the insolvency of such bank, or any assignee of the property and effects of any insolvent bank who shall sell, or in any way dispose of or remove, any of the money, property or effects of such bank, with intent to defraud, delay or hinder any creditor thereof in the collection of any claim or demand against such bank, every such officer or agent, and all persons who shall knowingly aid or assist in any such disposition or removal, shall be guilty of a felony.