Michigan Compiled Laws 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.
When any deposit of money shall be made in any bank or trust company by or in the name of any minor, the same...
Section 487.702 Trust Deposit; Death Of Trustees; Payment Of Deposit; Receipt Or Acquittance As Release And Discharge.
(1) If a deposit of money shall be made in a bank or trust company by a person in trust for another, and no...
Section 487.703 Deposit In Name Of Joint Beneficiaries; Payment; Receipt Sufficient; Deposits Made Payable To Survivor; Prima Facie Evidence.
When a deposit shall be made, in any bank by any person in the name of such depositor or any other person, and in...

Last modified: October 10, 2016