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Michigan · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Mich. Comp. Laws § 380.1222: Deposit of district funds; limitation.

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Where this section sits in the code
  1. MI Code
  2. Chapter 380
  3. Act Act-451-of-1976

Sec. 1222.

A bank whose combined capital and surplus exceeds $50,000.00 may receive deposits of funds in an amount not more than double the combined capital and unimpaired surplus of the bank.

Collected 2026-09-14T18:32:31Z. Source file · JSON

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