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Sec. 1. This act shall be known and may be cited as the "statutory joint account act". History: 1978, Act 53, Imd. Eff. Mar. 9, 1978
Structure Michigan Compiled Laws
Michigan Compiled Laws
Chapter 487 - Financial Institutions
Act 53 of 1978 - Statutory Joint Account Act (487.711 - 487.719)
Section 487.711 - Short Title.
Section 487.712 - Meanings of Words and Phrases.
Section 487.713 - Definitions.
Section 487.714 - Additional Definitions.
Section 487.715 - Statutory Joint Account; Creation; Signing Contract; Form of Contract; Acknowledging Receipt of Contract; Adding Additional Parties; Modifying Form of Contract.
Section 487.716 - Nature and Effect of Statutory Joint Accounts; Failure to Answer Question in Contract.
Section 487.717 - Withdrawals of Funds; Liability of Financial Institution; Deposits Subject to Setoff.
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.
Section 487.719 - Payment of Widow's Allowance or Allowance for Dependent Children Upon Death of Person Owning Deposits in Statutory Joint Account.