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Code · Michigan · Chapter 129 — Public Funds

129.43 Limitation on deposit of additional public funds.

73 words·~1 min read·/mi/chapter-129/129-43

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129.43 Limitation on deposit of additional public funds.
Sec. 3.
Notwithstanding section 1(1), additional public funds of an incorporated village shall not be deposited in a financial institution which is not eligible to be a depository of surplus funds belonging to this state under section 6 of 1855 PA 105, MCL 21.146.
History: Add. 1979, Act 77, Imd. Eff. Aug. 1, 1979 ;-- Am. 1997, Act 45 , Imd. Eff. June 30, 1997
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