Mich. Comp. Laws § 487.713

Current through Public Act 171 of the 2024 Legislative Session
Section 487.713 - Definitions
(a) "Deposits" means funds on deposit in a financial institution, including interest.
(b) "Joint account" means a deposit in a financial institution in which 2 or more persons have an interest, either by way of ownership or right of withdrawal.
(c) "Statutory joint account" means a joint account as to which a statutory joint account contract, as provided in this act, has been signed by a person having a right of withdrawal on the account.

MCL 487.713

1978, Act 53, Imd. Eff. 3/9/1978.