2006 Michigan Compiled Laws - Mich. Comp. Laws § 487.713 Definitions.
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Act 53 of 1978 487.713 Definitions. Sec. 3. (a) "Deposits" means funds on deposit in a financial institution, including interest. (b) "Joint account" means a deposit in a financial institution in which 2 or more persons have an interest, either by way of ownership or right of withdrawal. (c) "Statutory joint account" means a joint account as to which a statutory joint account contract, as provided in this act, has been signed by a person having a right of withdrawal on the account.
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