Mich. Comp. Laws » Michigan Compiled Laws / Chapter 490 / Act 41 of 1968
Michigan Compiled Laws

Mich. Comp. Laws § 490.58 (2026)

Bases of presumptions; evidence to rebut; wills.

✓ current as of July 2026
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CREDIT UNION MULTIPLE-PARTY ACCOUNTS


Act 41 of 1968


490.58 Bases of presumptions; evidence to rebut; wills.

Sec. 8.

    The presumptions stated herein are based upon inferences of the intention of parties to multiple-party accounts arising from the form of the account and the usual expectations of people using these accounts. The presumptions are rebuttable by clear and convincing evidence of a different intention. The presumptions of survivorship are not subject to change by will but may be rebutted by a written order received by the credit union to change the form of account or directing that payment not be made in accordance with the account which is signed by a party and is received by the credit union during the party's lifetime.

History: 1968, Act 41, Eff. Nov. 15, 1968

Compiler's Notes:

    For transfer of authority, powers, duties, functions, and responsibility of the financial institutions bureau and the commissioner of the financial institutions bureau to the commissioner of the office of financial and insurance services and the office of financial and insurance services by type III transfer, see E.R.O. No. 2000-2, compiled at MCL 445.2003 of the Michigan compiled laws.

Notes of Decisions
Cited in 4 cases, 2011–2017 · leading case: In Re Hess, 456 B.R. 309 (Bankr. E.D. Mich. 2011).
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In Re Hess, 456 B.R. 309 (Bankr. E.D. Mich. 2011). · cites it 5× “64 , but that such presumption may be rebutted under Mich. Comp. Laws § 490.58 , which states in pertinent part: The presumptions stated herein are based upon inferences of the intention of the parties to multiple-party accounts arising from the form of the account and the usual…”
in Re Est. of Ilko Podolak (Mich. Ct. App. 2017). · cites it 2× “” Finally, MCL 490.58 provides that the presumption found in MCL 490.”
in Re Est. of Ilko Podolak (Mich. Ct. App. 2017). · cites it 2× “” Finally, MCL 490.58 provides that the presumption found in MCL 490.”
In re Houston, 463 B.R. 452 (Bankr. E.D. Mich. 2011). “52 to § 490.58. In re Hess, 456 B.R. at 318 . The Hess court provides no explanation for its conclusion that it did not need to consider the presumptions set forth in Mich.”
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.