Evidence of Indebtedness Payable to Husband and Wife; Ownership in Joint Tenancy - Mich. Comp. Laws Section 557.151
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Michigan Laws > Property Of Husband And Wife > Evidence of Indebtedness Payable to Husband and Wife; Ownership in Joint Tenancy - Mich. Comp. Laws Section 557.151
557.151 Evidence of indebtedness payable to husband and wife; ownership in joint tenancy.
Sec. 1.
All bonds, certificates of stock, mortgages, promissory notes, debentures, or other evidences of indebtedness hereafter made payable to persons who are husband and wife, or made payable to them as endorsees or assignees, or otherwise, shall be held by such husband and wife in joint tenancy unless otherwise therein expressly provided, in the same manner and subject to the same restrictions, consequences and conditions as are incident to the ownership of real estate held jointly by husband and wife under the laws of this state, with full right of ownership by survivorship in case of the death of either.
History: 1927, Act 212, Eff. Sept. 5, 1927
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CL 1929, 13071
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CL 1948, 557.151
Section: 557.28 557.29 557.71 557.81 557.101 557.102 557.111 557.151 557.201 557.202 557.203 557.204 557.205 557.206 557.207
Last modified: March 17, 2013
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