MCL - Act 41 of 1968
AN ACT to regulate credit union multiple-party accounts; and to repeal certain acts and parts of acts.
History: 1968, Act 41, Eff. Nov. 15, 1968
| Document | Type | Description |
|---|---|---|
| Section 490.51 | Section | Credit unions; multiple-party accounts; definitions. |
| Section 490.52 | Section | Presumptions of ownership; credit unions liability and set-off rights. |
| Section 490.53 | Section | Deposit or shares paid on demand. |
| Section 490.54 | Section | Equal undivided interests. |
| Section 490.55 | Section | Death of party; effect. |
| Section 490.56 | Section | Survivorship account; death of party, ownership. |
| Section 490.57 | Section | Trust account; beneficial ownership; death of trustee; survivorship. |
| Section 490.58 | Section | Bases of presumptions; evidence to rebut; wills. |
| Section 490.59 | Section | Effect of unrebutted presumptions; transfers, effect. |
| Section 490.60 | Section | Multiple-party accounts; authority to enter; payment; inquiry; creation; joint tenant, rights. |
| Section 490.61 | Section | Multiple-party accounts; withdrawals; survivorship accounts, proof of death. |
| Section 490.62 | Section | Trust accounts; payments. |
| Section 490.63 | Section | Payments; effect; notice of change. |
| Section 490.64 | Section | Right to set-off or lien. |
| Section 490.65 | Section | Repeal. |