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Act 248 of 1909
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PAYMENT OF DEPOSITS

Act 248 of 1909

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




The People of the State of Michigan enact:

DocumentTypeDescription
Section 487.701SectionMinor's deposit; payment; receipt or acquittance sufficient.
Section 487.702SectionTrust deposit; death of trustees; payment of deposit; receipt or acquittance as release and discharge.
Section 487.703SectionDeposit in name of joint beneficiaries; payment; receipt sufficient; deposits made payable to survivor; prima facie evidence.
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