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Current as of January 01, 2025 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 490. Credit Unions § 490.58 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-490-credit-unions/mi-comp-laws-490-58/
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