Mich. Comp. Laws § 490.53

Current through Public Act 57 of the 2024 Legislative Session
Section 490.53 - Deposit or shares paid on demand

During the lifetime of all parties, a multiple-party account which provides that sums on deposit or in shares may be paid on the demand of either of 2 or more parties is presumed to belong to the parties in proportion to the net contributions by each to the sums on deposit.

MCL 490.53

1968, Act 41, Eff. 11/15/1968 .