Michigan § 129.150 Orders or warrants; limitation; liability for overdraft.

Michigan Statutes

§ 129.150 — Orders or warrants; limitation; liability for overdraft.

Michigan § 129.150

Ch. 129PUBLIC FUNDS

Act 121 of 1985LOCAL GOVERNMENT INVESTMENT POOL ACT (129.141-129.150)

This text of Michigan § 129.150 (Orders or warrants; limitation; liability for overdraft.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 129.150 (2026).

Text

LOCAL GOVERNMENT INVESTMENT POOL ACT (EXCERPT) Act 121 of 1985 129.150 Orders or warrants; limitation; liability for overdraft. Sec.

10.An order or warrant shall not be issued upon a participant's account in an amount greater than the total of the account to which that order or warrant applies. If an order or warrant for an amount greater than the total of the account to which the order or warrant applies is issued and the order or warrant is paid, the county treasurer shall be personally liable under his or her official bond for the overdraft resulting from the payment.

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LOCAL GOVERNMENT INVESTMENT POOL ACT (EXCERPT) Act 121 of 1985 129.150 Orders or warrants; limitation; liability for overdraft. Sec. 10. An order or warrant shall not be issued upon a participant's account in an amount greater than the total of the account to which that order or warrant applies. If an order or warrant for an amount greater than the total of the account to which the order or warrant applies is issued and the order or warrant is paid, the county treasurer shall be personally liable under his or her official bond for the overdraft resulting from the payment.