There is a newer version of the Michigan Compiled Laws
2016 Michigan Compiled Laws
Chapter 487 - Financial Institutions
Act 248 of 1909 PAYMENT OF DEPOSITS (487.701 - 487.703)
AN ACT in relation to the payment of deposits of money in banks and trust companies by minors, trust deposits, and deposits in the names of more than 1 person.
History: 1909, Act 248, Eff. Sept. 1, 1909
- Section 487.701 Minor's deposit; payment; receipt or acquittance sufficient.
- Section 487.702 Trust deposit; death of trustees; payment of deposit; receipt or acquittance as release and discharge.
- Section 487.703 Deposit in name of joint beneficiaries; payment; receipt sufficient; deposits made payable to survivor; prima facie evidence.
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