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