There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - Mich. Comp. Laws § 780.586 Interim bond; purpose; change of amount on arraignment.
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Act 44 of 1961 780.586 Interim bond; purpose; change of amount on arraignment. Sec. 6. Cash bonds accepted under this act shall be known as interim bonds, and shall be for the purpose of securing the defendant's arraignment in court, at which time said court may continue said bond for further proceedings, or may require a property bond or a cash bond in a greater or lesser amount.
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