capitol dome
Michigan Legislative Website


Michigan Compiled Laws Complete Through PA 29 of 2013
House: Adjourned until Tuesday, May 21, 2013 1:30:00 PM
Senate: Adjourned until Tuesday, May 21, 2013 10:00:00 AM

Michigan Legislative Website

Main Content

Act 40 of 1932 (1st Ex. Sess.)
Search within this Statute for


DEPOSITORIES FOR PUBLIC MONEYS

Act 40 of 1932 (1st Ex. Sess.)

AN ACT to provide for the designation of depositories for public moneys; to prescribe the effect thereof on the liability for such deposits; to suspend the requirement of surety bonds from depositories of public moneys; and to repeal all acts and parts of acts inconsistent with the provisions of this act.


History: 1932, 1st Ex. Sess., Act 40, Imd. Eff. May 14, 1932


© 2009 Legislative Council, State of Michigan

The People of the State of Michigan enact:

DocumentTypeDescription
Section 129.11SectionPublic moneys; definition.
Section 129.12SectionResolution providing for designation and deposit of public money; limitation on acceptable assets; conduct of proceedings; designation of depositories; deposit of funds; liability.
Section 129.13SectionRepealed. 1997, Act 31, Imd. Eff. June 19, 1997.
Section 129.14SectionDeposit or investment of additional funds; limitation.
Section 129.15Section“Deposit” defined.
Section 129.16Section“Financial institution” defined; financial institution not maintaining principal or branch office in state; designation and deposit of public money.