Sec. 573. All funds, stocks, or securities deposited with the court for or by any person and received by the court clerk shall be deposited in a bank or otherwise safeguarded in the manner directed by the court.
Mich. Comp. Laws § 600.573, under REVISED JUDICATURE ACT OF 1961.
Mich. Comp. Laws § 600.573
Sec. 573. All funds, stocks, or securities deposited with the court for or by any person and received by the court clerk shall be deposited in a bank or otherwise safeguarded in the manner directed by the court.