There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 129 - PUBLIC FUNDS
Act 40 of 1932 (1st Ex. Sess.) - DEPOSITORIES FOR PUBLIC MONEYS (129.11 - 129.16)
DEPOSITORIES FOR PUBLIC MONEYSAct 40 of 1932 (1st Ex. Sess.)
AN ACT to provide for the designation of depositories for public moneys; to prescribe the effect thereof on the liability for such deposits; to suspend the requirement of surety bonds from depositories of public moneys; and to repeal all acts and parts of acts inconsistent with the provisions of this act.
History: 1932, 1st Ex. Sess., Act 40, Imd. Eff. May 14, 1932
- Section 129.11 - Public moneys; definition.
- Section 129.12 - Resolution providing for designation and deposit of public money; limitation on acceptable assets; conduct of proceedings; designation of depositories; deposit of funds; liability.
- Section 129.13 - Repealed. 1997, Act 31, Imd. Eff. June 19, 1997.
- Section 129.14 - Deposit or investment of additional funds; limitation.
- Section 129.15 - “Deposit” defined.
- Section 129.16 - “Financial institution” defined; financial institution not maintaining principal or branch office in state; designation and deposit of public money.
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