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Sec. 1222. A bank whose combined capital and surplus exceeds $50,000.00 may receive deposits of funds in an amount not more than double the combined capital and unimpaired surplus of the bank.
Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 380. School Code of 1976 § 380.1222 - last updated February 09, 2022 | https://codes.findlaw.com/mi/chapter-380-school-code-of-1976/mi-comp-laws-380-1222/
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