2010 Michigan Compiled Laws
Chapter 129 - PUBLIC FUNDS
Act 40 of 1932 (1st Ex. Sess.) - DEPOSITORIES FOR PUBLIC MONEYS (129.11 - 129.16)
Section 129.14 - Deposit or investment of additional funds; limitation.
DEPOSITORIES FOR PUBLIC MONEYS (EXCERPT)Act 40 of 1932 (1st Ex. Sess.)
129.14 Deposit or investment of additional funds; limitation.
Sec. 4.
Notwithstanding section 2, additional funds coming into the possession of a county treasurer, township treasurer, school district treasurer, city treasurer or tax collector, or village treasurer shall not be deposited or invested in a financial institution that is not eligible to be a depository of surplus funds belonging to the state under section 6 of 1855 PA 105, MCL 21.146.
History: Add. 1979, Act 84, Imd. Eff. Aug. 1, 1979
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Am. 1997, Act 31, Imd. Eff. June 19, 1997
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Am. 1997, Act 33, Imd. Eff. June 19, 1997
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