reglab/housing_qa huggingface dataset:
MI Comp L § 488.31 (2021)
2021 Michigan Compiled Laws|Chapter 488 - Electronic Funds Transfers|Act 322 of 1978 - Electronic Funds Transfers (488.1 - 488.31)|Section 488.31 - Effective Date.

488.31 Effective date. Sec. 31.  This act shall take effect January 1, 1979. History: 1978, Act 322, Eff. Jan. 1, 1979
MI Comp L § 489.501-489.857 (2021)
2021 Michigan Compiled Laws|Chapter 489 - Savings and Loan Associations|Act 156 of 1964 - Savings and Loan Association Act of 1964 (489.501 - 489.920)|Section 489.501-489.857 - Repealed. 1967, Act 96, Imd. Eff. June 21, 1967;—1970, Act 185, Imd. Eff. Aug. 3, 1970;—1975, Act 231, Eff. Mar. 2, 1976;—1980, Act 307, Eff. Jan. 1, 1981.

489.501-489.857 Repealed. 1967, Act 96, Imd. Eff. June 21, 1967;—1970, Act 185, Imd. Eff. Aug. 3, 1970;—1975, Act 231, Eff. Mar. 2, 1976;—1980, Act 307, Eff. Jan. 1, 1981.
MI Comp L § 489.858 (2021)
2021 Michigan Compiled Laws|Chapter 489 - Savings and Loan Associations|Act 156 of 1964 - Savings and Loan Association Act of 1964 (489.501 - 489.920)|Section 489.858 - Tax Exemptions.

489.858 Tax exemptions. Sec. 458.  (1) All mortgages or other securities held by associations, are exempt from all municipal or other taxes under the laws of this state and all personal property owned by associations is exempt from taxation.  (2) Federal savings and loan associations and their members shall be subject to the same taxation and upon the same basis as state associations and their members. History: 1964, Act 156, Eff. Jan. 1, 1965
MI Comp L § 489.861-489.920 (2021)
2021 Michigan Compiled Laws|Chapter 489 - Savings and Loan Associations|Act 156 of 1964 - Savings and Loan Association Act of 1964 (489.501 - 489.920)|Section 489.861-489.920 - Repealed. 1975, Act 231, Eff. Mar. 2, 1976;—1980, Act 307, Eff. Jan. 1, 1981.

489.861-489.920 Repealed. 1975, Act 231, Eff. Mar. 2, 1976;—1980, Act 307, Eff. Jan. 1, 1981.
MI Comp L § 490.52 (2021)
2021 Michigan Compiled Laws|Chapter 490 - Credit Unions|Act 41 of 1968 - Credit Union Multiple-Party Accounts (490.51 - 490.65)|Section 490.52 - Presumptions of Ownership; Credit Unions Liability and Set-Off Rights.

490.52 Presumptions of ownership; credit unions liability and set-off rights. Sec. 2.  The presumptions created by sections 3 to 7 concerning beneficial ownership as between parties, or as between parties and beneficiaries, of multiple-party accounts are relevant only to controversies between these persons or their creditors and other successors, and shall have no bearing on the rights of withdrawal of such persons as determined by the terms of account contracts. The provisions of sections 11 to 16 govern the liability of credit unions who make payments pursuant thereto, and their set-off rights. 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.
MI Comp L § 490.53 (2021)
2021 Michigan Compiled Laws|Chapter 490 - Credit Unions|Act 41 of 1968 - Credit Union Multiple-Party Accounts (490.51 - 490.65)|Section 490.53 - Deposit or Shares Paid on Demand.

490.53 Deposit or shares paid on demand. Sec. 3.  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. 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.
MI Comp L § 490.54 (2021)
2021 Michigan Compiled Laws|Chapter 490 - Credit Unions|Act 41 of 1968 - Credit Union Multiple-Party Accounts (490.51 - 490.65)|Section 490.54 - Equal Undivided Interests.

490.54 Equal undivided interests. Sec. 4.  In the absence of satisfactory proof of the net contributions, those who are parties from time to time shall be presumed to own a multiple-party account in equal undivided interests. 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.
MI Comp L § 490.55 (2021)
2021 Michigan Compiled Laws|Chapter 490 - Credit Unions|Act 41 of 1968 - Credit Union Multiple-Party Accounts (490.51 - 490.65)|Section 490.55 - Death of Party; Effect.

490.55 Death of party; effect. Sec. 5.  The death of any party to a multiple-party account shall have no effect on the beneficial ownership of the account, other than to transfer the decedent's right to his estate, unless the account is a survivorship account or trust account, as provided in sections 6 and 7. 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.
MI Comp L § 490.56 (2021)
2021 Michigan Compiled Laws|Chapter 490 - Credit Unions|Act 41 of 1968 - Credit Union Multiple-Party Accounts (490.51 - 490.65)|Section 490.56 - Survivorship Account; Death of Party, Ownership.

490.56 Survivorship account; death of party, ownership. Sec. 6.  A multiple-party account payable to 2 or more persons, jointly or severally, which does not expressly provide that there is no right of survivorship, though there is no mention of survivorship or joint tenancy, is presumed to be a survivorship account. At the death of a party, sums on deposit in a survivorship account belong to the surviving party or parties as against the estate of the decedent. Where there are 2 or more survivors, their respective ownerships shall be in proportion to their previous net contributions augmented by an equal share for each survivor of any interest the decedent may have owned in the account immediately before his death, plus the proceeds of insurance on decedent's life paid to the account. The right of survivorship continues between survivors. 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.
MI Comp L § 490.57 (2021)
2021 Michigan Compiled Laws|Chapter 490 - Credit Unions|Act 41 of 1968 - Credit Union Multiple-Party Accounts (490.51 - 490.65)|Section 490.57 - Trust Account; Beneficial Ownership; Death of Trustee; Survivorship.

490.57 Trust account; beneficial ownership; death of trustee; survivorship. Sec. 7.  An account which states that a party is a trustee for 1 or more other identified persons, including but not limited to minors, is a trust account. Except where there is evidence of a trust other than as provided by the form of the account, the account and any sums withdrawn therefrom are presumed to belong beneficially to the trustee until his death. At the death of the trustee or surviving trustee any sums remaining on deposit are presumed to belong to the person or persons named as beneficiaries, if living, or to the survivor of them if 1 or more have died before the trustee. The death thereafter of any beneficiary has no effect on the equal ownership of all who survived the trustee, as no right of survivorship is presumed to attend the relationship of several beneficiaries who survive a trustee. If no beneficiary survives the trustee, the sums are presumed to belong to the estate of the last trustee to die. If 2 or more parties are named as trustees on the account, and there is no evidence of trust except as provided by the form of the account, the account is presumed to be a survivorship account as between trustees. It is presumed to be owned between trustees as provided by this act. 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.
MI Comp L § 490.58 (2021)
2021 Michigan Compiled Laws|Chapter 490 - Credit Unions|Act 41 of 1968 - Credit Union Multiple-Party Accounts (490.51 - 490.65)|Section 490.58 - Bases of Presumptions; Evidence to Rebut; Wills.

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.
MI Comp L § 490.59 (2021)
2021 Michigan Compiled Laws|Chapter 490 - Credit Unions|Act 41 of 1968 - Credit Union Multiple-Party Accounts (490.51 - 490.65)|Section 490.59 - Effect of Unrebutted Presumptions; Transfers, Effect.

490.59 Effect of unrebutted presumptions; transfers, effect. Sec. 9.  Where not rebutted by clear and convincing evidence, the presumptions provided in this act are effective to establish beneficial ownership. Any transfers resulting from the application of these presumptions are effective by reason of the account contracts involved in this act and are not to be considered as testamentary or subject to the probate code. 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.
MI Comp L § 490.60 (2021)
2021 Michigan Compiled Laws|Chapter 490 - Credit Unions|Act 41 of 1968 - Credit Union Multiple-Party Accounts (490.51 - 490.65)|Section 490.60 - Multiple-Party Accounts; Authority to Enter; Payment; Inquiry; Creation; Joint Tenant, Rights.

490.60 Multiple-party accounts; authority to enter; payment; inquiry; creation; joint tenant, rights. Sec. 10.  A credit union may enter into multiple-party accounts to the same extent that they may enter into single-party accounts. Any multiple-party account may be paid, on demand, to any 1 or more of the parties unless the terms of the account expressly stipulate that joint signatures are required. No credit union shall be required to inquire as to the source of funds received for deposit to a multiple-party account or to inquire as to the proposed application of any sum withdrawn from an account. Such an account may be created with any person designated by the credit union member, but no joint tenant shall be permitted to vote, obtain loans or hold office unless he is within the field of membership and is a qualified member. 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.
MI Comp L § 490.61 (2021)
2021 Michigan Compiled Laws|Chapter 490 - Credit Unions|Act 41 of 1968 - Credit Union Multiple-Party Accounts (490.51 - 490.65)|Section 490.61 - Multiple-Party Accounts; Withdrawals; Survivorship Accounts, Proof of Death.

490.61 Multiple-party accounts; withdrawals; survivorship accounts, proof of death. Sec. 11.  Any sums in a multiple-party account which does not include a stipulation requiring joint signatures for withdrawals may be paid, on demand, to any party without regard to whether any other party is incompetent or deceased at the time the payment is demanded, except, if the account is one presumed to be a survivorship account under section 6 or 7 payment may not be made to the personal representative or heirs of a deceased party unless proofs of death are presented to the credit union showing that the decedent was the last surviving party. 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.
MI Comp L § 490.62 (2021)
2021 Michigan Compiled Laws|Chapter 490 - Credit Unions|Act 41 of 1968 - Credit Union Multiple-Party Accounts (490.51 - 490.65)|Section 490.62 - Trust Accounts; Payments.

490.62 Trust accounts; payments. Sec. 12.  Any account payable to a trustee for another person may be paid on demand to the trustee. Unless the credit union has received written notice of the terms of any trust other than the form of the account, payment may be made to the personal representative or heirs of a deceased trustee if proof of death is presented to the credit union showing that his decedent was the survivor of all other persons named on the account either as trustee or beneficiary; and payment may be made, on demand, to the beneficiary upon presentation to the credit union of proof of death showing that the beneficiary or beneficiaries survived all persons named as trustees. 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.
MI Comp L § 490.63 (2021)
2021 Michigan Compiled Laws|Chapter 490 - Credit Unions|Act 41 of 1968 - Credit Union Multiple-Party Accounts (490.51 - 490.65)|Section 490.63 - Payments; Effect; Notice of Change.

490.63 Payments; effect; notice of change. Sec. 13.  Payment made pursuant to sections 10, 11 or 12 discharges the credit union from all claims for amounts so paid whether or not the payment is consistent with the beneficial ownership of the account as between parties, or beneficiaries, or their successors. The protection here given does not extend to payments made after a credit union has received written notice from any party who has a present right of withdrawal to the effect that withdrawals in accordance with the terms of the account should not be permitted. Unless the notice is withdrawn by the person giving it, the death of any party after notice has no effect on withdrawal rights, and the personal representative, or heirs, of the decedent must concur in any demand for withdrawal if the credit union is to be protected under this section. No other notice or any other information shown to have been available to a credit union shall affect its right to the protection provided here. The protection here provided shall have no bearing on the rights of parties in disputes between themselves or their successors concerning the beneficial ownership of funds in, or withdrawn from, multiple-party accounts. 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.
MI Comp L § 490.64 (2021)
2021 Michigan Compiled Laws|Chapter 490 - Credit Unions|Act 41 of 1968 - Credit Union Multiple-Party Accounts (490.51 - 490.65)|Section 490.64 - Right to Set-Off or Lien.

490.64 Right to set-off or lien. Sec. 14.  Without qualifying any other statutory right to set-off or lien and subject to any contractual provision, when a party to a multiple-party account is indebted to a credit union, the credit union has a right to set-off against the entire amount of the account. 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.
MI Comp L § 490.65 (2021)
2021 Michigan Compiled Laws|Chapter 490 - Credit Unions|Act 41 of 1968 - Credit Union Multiple-Party Accounts (490.51 - 490.65)|Section 490.65 - Repeal.

490.65 Repeal. Sec. 15.  Section 24 of Act No. 285 of the Public Acts of 1925, being section 490.24 of the Compiled Laws of 1948, is repealed. 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.
MI Comp L § 490.81 (2021)
2021 Michigan Compiled Laws|Chapter 490 - Credit Unions|Act 31 of 1992 - Beneficiary Accounts in Credit Unions (490.81 - 490.83)|Section 490.81 - Definitions.

490.81 Definitions. Sec. 1.  As used in this act:  (a) “Beneficiary” means a person who does not have an ownership interest in a beneficiary account but is the person designated to receive the funds in the beneficiary account upon the death of the owner of the account.  (b) “Beneficiary account” means a share or deposit account in a credit union where 1 or more persons are designated as owners and 1 or more other persons are designated as beneficiaries. A beneficiary account is not a trust or trustee for beneficiary account.  (c) “Credit union” means a state or federal chartered credit union.  (d) “Owner” means the person or persons designated as the owner in the documents establishing a credit union beneficiary account.  (e) “Person” means an individual, corporation, partnership, association, governmental entity, or any other legal entity. History: 1992, Act 31, Imd. Eff. Apr. 17, 1992 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.
MI Comp L § 490.82 (2021)
2021 Michigan Compiled Laws|Chapter 490 - Credit Unions|Act 31 of 1992 - Beneficiary Accounts in Credit Unions (490.81 - 490.83)|Section 490.82 - Credit Union Beneficiary Account; Rights of Owners to Money in Account; Passage of Ownership Rights to Beneficiaries.

490.82 Credit union beneficiary account; rights of owners to money in account; passage of ownership rights to beneficiaries. Sec. 2.  (1) During the lifetime of 1 or more owners of a credit union beneficiary account, all rights to the money in the account belong to the owners. The rights of the owners, if there is more than 1, shall be governed by the contract between them and the credit union establishing the account, and by any applicable law pertaining to accounts with more than 1 owner other than section 7 of Act No. 41 of the Public Acts of 1968, being section 490.57 of the Michigan Compiled Laws.  (2) Upon the death of the owner of a credit union beneficiary account or upon the death of the last surviving owner of a credit union beneficiary account if there was more than 1 owner, all ownership interests in the account shall pass to the person or persons designated as beneficiaries.  (3) If no person designated as beneficiary of a credit union beneficiary account is living at the time of the death of the owner, the account shall be probated as part of the owner's estate. If there is more than 1 person designated as owner and no beneficiary is living at the time of the death of the last surviving owner, the account shall be probated as part of the last surviving owner's estate.  (4) If more than 1 person designated as beneficiary is living at the time of the death of the owner, or at the time of the death of the last surviving owner if there was more than 1 designated owner, the account shall be divided equally among the beneficiaries still living at that time. There shall be no rights of joint ownership among living beneficiaries and each shall only be entitled to his or her equal share.  (5) The passage of ownership rights to any account covered by this act is not subject to change by will. History: 1992, Act 31, Imd. Eff. Apr. 17, 1992 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.