Michigan Compiled Laws

Mich. Comp. Laws § 129.43 (2026)

Limitation on deposit of additional public funds.

✓ current as of July 2026

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DEPOSIT AND SAFEGUARDING OF PUBLIC MONEYS OF VILLAGE

Act 321 of 1909

129.43 Limitation on deposit of additional public funds.

Sec. 3.

Notwithstanding section 1(1), additional public funds of an incorporated village shall not be deposited in a financial institution which is not eligible to be a depository of surplus funds belonging to this state under section 6 of 1855 PA 105, MCL 21.146.

History: Add. 1979, Act 77, Imd. Eff. Aug. 1, 1979 ;-- Am. 1997, Act 45, Imd. Eff. June 30, 1997

Notes of Decisions

Cited in 1 case, 1988–1988 · leading case: Regents of Univ. v. State, 419 N.W.2d 773 (Mich. Ct. App. 1988).

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Regents of Univ. v. State, 419 N.W.2d 773 (Mich. Ct. App. 1988). “843(1)(2), MCL 129.43; MSA 5.1553, MCL 389.142(3); MSA 15.”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.