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

Rules for withdrawal of funds; limitation on single expenditure from petty cash fund; violation; civil fine.

MCL 169.223
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
169.223. Rules for withdrawal of funds; limitation on single expenditure from petty cash fund; violation; civil fine. Sec. 23. Subject to section 15, the secretary of state shall promulgate rules for the withdrawal of funds from a committee account for petty cash expenditures and for keeping records of the withdrawals. A single expenditure from a petty cash fund shall not exceed $50.00. A person who violates this section is subject to a civil fine of 3 times the amount by which the expenditure exceeds $50.00, but the fine shall not exceed $1,000.00. 1976, Act 388, Eff. June 1, 1977; Am. 1989, Act 95, Imd. Eff. June 21, 1989
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-169-223Fetched: 10/20/2026

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