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

Definitions.

MCL 487.713
in effect
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487.713. Definitions. Sec. 3. (a) "Deposits" means funds on deposit in a financial institution, including interest. (b) "Joint account" means a deposit in a financial institution in which 2 or more persons have an interest, either by way of ownership or right of withdrawal. (c) "Statutory joint account" means a joint account as to which a statutory joint account contract, as provided in this act, has been signed by a person having a right of withdrawal on the account. 1978, Act 53, Imd. Eff. Mar. 9, 1978
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-487-713Fetched: 10/20/2026

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