{"data":{"id":"us-mi/mich.-comp.-laws-490.53","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 490.53","heading":"Deposit or shares paid on demand.","body":"Sec. 3.\n\nDuring 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.","path":["MI Code","Chapter 490","Act Act-41-of-1968"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-490-53","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"2813b0e8eee8257773148b1717af80c35d01427128a5f0ccfd0abbc0d56f60a0","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-490.52","next":"us-mi/mich.-comp.-laws-490.54"},"notice":"GroundRules: Original legal text. Not legal advice."}