{"data":{"id":"us-mi/mich.-comp.-laws-129.16","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 129.16","heading":"Definitions.","body":"Sec. 6.\n\nAs used in this act:\n\n(a) \"Deposit\" includes the purchase of or investment in shares of a credit union.\n\n(b) \"Financial institution\" means a state or nationally chartered bank or a state or federally chartered savings and loan association, savings bank, or credit union whose deposits are insured by an agency of the United States government.\n\n(c) \"Governing body\" means a council, commission, board, or other official body that has legislative powers over a local public entity.\n\n(d) \"Local public entity\" means a county, city, village, township, school district, district, authority, municipal corporation, or any other political subdivision organized under the laws of this state.","path":["MI Code","Chapter 129","Act Act-40-of-1932-1st-Ex-Sess-"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-129-16","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"dc330ac5f35a727ddce72267b99c2505d4a0960ba34c755e10ab89c78b791e10","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-129.14","next":"us-mi/mich.-comp.-laws-129.171"},"notice":"GroundRules: Original legal text. Not legal advice."}