MCL - Act 40 of 1932 (1st Ex. Sess.)


Act 40 of 1932 (1st Ex. Sess.)

AN ACT to provide for the designation of depositories for public moneys; to prescribe the effect thereof on the liability for such deposits; to suspend the requirement of surety bonds from depositories of public moneys; and to repeal all acts and parts of acts inconsistent with the provisions of this act.

History: 1932, 1st Ex. Sess., Act 40, Imd. Eff. May 14, 1932

The People of the State of Michigan enact:
Document Type Description
Section 129.11 Section Public money; definition.
Section 129.12 Section Resolution providing for designation and deposit of public money; financial institution requirements; limitation on acceptable assets; conduct of proceedings; designation of depositories; deposit of funds; liability.
Section 129.13 Section Repealed. 1997, Act 31, Imd. Eff. June 19, 1997.
Section 129.14 Section Deposit or investment of additional money; cash control ledger; limitation.
Section 129.15 Section Repealed. 2018, Act 462, Eff. Mar. 29, 2019.
Section 129.16 Section Definitions.