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Code · Michigan · Chapter 129 — Public Funds

129.45 “Financial institution” defined.

81 words·~1 min read·/mi/chapter-129/129-45

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129.45 “Financial institution” defined.
Sec. 5.
As used in this act, "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 and which maintains a principal office or branch office located in this state under the laws of this state or the United States.
History: Add. 1997, Act 45 , Imd. Eff. June 30, 1997
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