Michigan Compiled Laws
Act 53 of 1978 - Statutory Joint Account Act (487.711 - 487.719)
Section 487.712 - Meanings of Words and Phrases.

Sec. 2.
For the purposes of this act, the words and phrases defined in sections 3 and 4 have the meaning ascribed to them in those sections.
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.