Michigan Compiled Laws § 129.150 Orders Or Warrants; Limitation; Liability For Overdraft.


129.150 Orders or warrants; limitation; liability for overdraft.

Sec. 10.

An order or warrant shall not be issued upon a participant's account in an amount greater than the total of the account to which that order or warrant applies. If an order or warrant for an amount greater than the total of the account to which the order or warrant applies is issued and the order or warrant is paid, the county treasurer shall be personally liable under his or her official bond for the overdraft resulting from the payment.


History: 1985, Act 121, Imd. Eff. July 31, 1985


Section: Previous  129.141  129.142  129.143  129.144  129.145  129.146  129.147  129.148  129.149  129.150  

Last modified: October 10, 2016