Section 129.45 - “Financial institution” defined.
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.
History: Add. 1997, Act 45, Imd. Eff. June 30, 1997