Michigan § 129.45 “Financial institution” defined.

Michigan Statutes

§ 129.45 — “Financial institution” defined.

Michigan § 129.45

Ch. 129PUBLIC FUNDS

Act 321 of 1909DEPOSIT AND SAFEGUARDING OF PUBLIC MONEYS OF VILLAGE (129.41-129.45)

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Bluebook

Mich. Comp. Laws § 129.45 (2026).

Text

DEPOSIT AND SAFEGUARDING OF PUBLIC MONEYS OF VILLAGE (EXCERPT) Act 321 of 1909 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.

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DEPOSIT AND SAFEGUARDING OF PUBLIC MONEYS OF VILLAGE (EXCERPT) Act 321 of 1909 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.