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31 chapters · 495 sections in this title.
Mich. Comp. Laws § 487.701 Minor's deposit; payment; receipt or acquittance sufficient.
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Sec. 1. When any deposit of money shall be made in any bank or trust company by or in the name of any minor, the same shall be held for the exclusive right and benefit of such minor, and shall be paid, together with the dividends and interest thereon to the person in whose name t…
Mich. Comp. Laws § 487.702 Trust deposit; death of trustees; payment of deposit; receipt or acquittance as release and discharge.
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Sec. 2. (1) If a deposit of money shall be made in a bank or trust company by a person in trust for another, and no other or further notice of the existence and terms of a legal and valid trust shall have been given in writing to the bank, if the trustee dies, or if there is more…
Mich. Comp. Laws § 487.703 Deposit in name of joint beneficiaries; payment; receipt sufficient; deposits made payable to survivor; prima facie evidence.
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Sec. 3. When a deposit shall be made, in any bank by any person in the name of such depositor or any other person, and in form to be paid to either or the survivor of them, such deposits thereupon and any additions thereto, made by either of such persons, upon the making thereof,…