Mich. Comp. Laws § 169.223: Rules for withdrawal of funds; limitation on single expenditure from petty cash fund; violation; civil fine.
Where this section sits in the code
- MI Code
- Chapter 169
- Act Act-388-of-1976
Sec. 23.
Subject to section 15, the secretary of state shall promulgate rules for the withdrawal of funds from a committee account for petty cash expenditures and for keeping records of the withdrawals. A single expenditure from a petty cash fund shall not exceed $50.00. A person who violates this section is subject to a civil fine of 3 times the amount by which the expenditure exceeds $50.00, but the fine shall not exceed $1,000.00.
Collected 2026-09-14T18:32:31Z. Source file · JSON