There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 129 - PUBLIC FUNDS
Act 321 of 1909 - DEPOSIT AND SAFEGUARDING OF PUBLIC MONEYS OF VILLAGE (129.41 - 129.45)
DEPOSIT AND SAFEGUARDING OF PUBLIC MONEYS OF VILLAGEAct 321 of 1909
AN ACT to provide for the depositing and safeguarding of public moneys belonging to villages within the state of Michigan.
History: 1909, Act 321, Eff. Sept. 1, 1909
- Section 129.41 - Public funds of incorporated village; deposit; secured deposits; limitation on acceptable assets; warrants and orders; profits; liability for loss; ordinance or resolution; conduct and inspection of proceedings; accrual of profits to village general fund.
- Section 129.42 - Security for deposit prohibited.
- Section 129.43 - Limitation on deposit of additional public funds.
- Section 129.44 - “Deposit” defined.
- Section 129.45 - “Financial institution” defined.
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