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§ 487.2141 — Michigan Law | CourtGPT
  1. Home/
  2. Laws/
  3. Michigan/
  4. Chapter 487 - Financial Institutionsact 349 of 1925 - Adverse Claim to Bank Deposit (487.691 - 487.691)/
  5. Statute Act 244 of 2005/
  6. Article 2 - (487.2131...487.2142)/
  7. § 487.2141
Michigan Legal Code

§ 487.2141

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487.2141 Books, accounts, and records; preservation.Sec. 21. Each licensee shall keep and use in its business any books, accounts, and records the commissioner requires under this act. A licensee shall preserve the books, accounts, and records for at least 3 years, unless applicable state or federal law concerning record retention requires a longer retention period. History: 2005, Act 244, Imd. Eff. Nov. 28, 2005