For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Contribution fund; administrative account, establishment, deposits.

MCL 38.864
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
38.864. Contribution fund; administrative account, establishment, deposits. Sec. 14. There shall be established within the contribution fund a separate account to be known as the administrative account. This account shall consist of, and there shall be deposited therein, all moneys received under sections 9 and 18. All moneys received in the administrative account shall be mingled and undivided. 1951, Act 205, Imd. Eff. June 14, 1951
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-38-864Fetched: 10/20/2026

Starting a business in Michigan? Michigan LLC guide: costs and requirements