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2021 Michigan Compiled Laws
Chapter 487 - Financial Institutions
Act 248 of 1909 - Payment of Deposits (487.701 - 487.703)
AN ACT in relation to the payment of deposits of money in banks and trust companies by minors, trust deposits, and deposits in the names of more than 1 person.
History: 1909, Act 248, Eff. Sept. 1, 1909
- Section 487.701 - Minor's Deposit; Payment; Receipt or Acquittance Sufficient.
- Section 487.702 - Trust Deposit; Death of Trustees; Payment of Deposit; Receipt or Acquittance as Release and Discharge.
- Section 487.703 - Deposit in Name of Joint Beneficiaries; Payment; Receipt Sufficient; Deposits Made Payable to Survivor; Prima Facie Evidence.
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