Michigan Compiled Laws
Chapter 487 - Financial Institutions
Act 53 of 1978 - Statutory Joint Account Act (487.711 - 487.719)

Section 487.711 - Short Title. - Sec. 1. This act shall be known and may be...

Section 487.712 - Meanings of Words and Phrases. - Sec. 2. For the purposes of this act, the words...

Section 487.713 - Definitions. - Sec. 3. (a) "Deposits" means funds on deposit in a...

Section 487.714 - Additional Definitions. - Sec. 4. (a) "Financial institution" means a state or nationally...

Section 487.715 - Statutory Joint Account; Creation; Signing Contract; Form of Contract; Acknowledging Receipt of Contract; Adding Additional Parties; Modifying Form of Contract. - Sec. 5. One or more persons may create a statutory...

Section 487.716 - Nature and Effect of Statutory Joint Accounts; Failure to Answer Question in Contract. - Sec. 6. The creation of a statutory joint account is...

Section 487.717 - Withdrawals of Funds; Liability of Financial Institution; Deposits Subject to Setoff. - Sec. 7. (1) Financial institutions shall honor withdrawals of funds...

Section 487.718 - Deposits Subject to Rights of Creditors; Laws Applicable to Transfers in Fraud of Creditors; Claims Against Insolvent Estate of Deceased Owner of Statutory Joint Account. - Sec. 8. Deposits in a statutory joint account shall be...

Section 487.719 - Payment of Widow's Allowance or Allowance for Dependent Children Upon Death of Person Owning Deposits in Statutory Joint Account. - Sec. 9. Upon the death of a person who in...