Mich. Comp. Laws § 557.151 :
Joint Ownership of Personal Property in Joint Tenancy (Refs & Annos)
557.151. Evidence of indebtedness payable to husband and wife; ownership in joint tenancy
Sec. 1. All bonds, certificates of stock, mortgages, promissory notes, debentures, or other evidences of indebtedness hereafter made payable to persons who are husband and wife, or made payable to them as endorsees or assignees, or otherwise, shall be held by such husband and wife in joint tenancy unless otherwise therein expressly provided, in the same manner and subject to the same restrictions, consequences and conditions as are incident to the ownership of real estate held jointly by husband and wife under the laws of this state, with full right of ownership by survivorship in case of the death of either.
Last Amended: 1970
1970
1988 Main Volume
Source:
P.A.1927, No. 212, � 1, Eff. Sept. 5.
C.L.1929, � 13071.
C.L.1948, � 557.151.
C.L.1970, � 557.151.
CROSS REFERENCES
Bankruptcy, exempt property of debtor, see � 600.5451.
Exemption of property held jointly by husband and wife from execution under judgment against only one spouse, see � 600.6023a.
Joint safe deposit box, rights of holders and survivors, see � 487.721.
Land held as tenancy by entirety, see � 557.81.
Termination of tenancy by entirety, see �� 557.101, 557.102.