Mich. Comp. Laws § 490.53: Deposit or shares paid on demand.
Where this section sits in the code
- MI Code
- Chapter 490
- Act Act-41-of-1968
Sec. 3.
During the lifetime of all parties, a multiple-party account which provides that sums on deposit or in shares may be paid on the demand of either of 2 or more parties is presumed to belong to the parties in proportion to the net contributions by each to the sums on deposit.
Collected 2026-09-14T18:32:31Z. Source file · JSON