Michigan Administrative Code
Department - Licensing and Regulatory Affairs
Public Service Commission
Preservation of Records of Electric, Gas, And Water Utilities
Part 2 - SCHEDULE OF RECORDS AND PERIODS OF RETENTION
Section R. 460.2543 - Deposit records; retention periods
Rule 43. The following deposit records shall be retained for the periods listed:
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(a) Bank deposit books. |
1 year. |
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(b) Copies of bank deposit slips. |
1 year. |
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(c) Advice of deposits made when information about the deposits is shown on other records that are retained. |
Destroy at option. |
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(d) Statements from depositories that show the details of funds received, disbursed, and transferred and balances on deposits. |
Destroy at option. |
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(e) Bank reconcilement papers. |
1 year. |
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(f) Statements from banks of interest credits. |
1 year. |
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(g) Check stubs, registers, or other records of checks issued. |
3 years. |
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(h) Correspondence and memoranda that relate to the stopping of payment of bank checks and to the issuance of duplicate checks. |
3 years or destroy at option after recovery of the check(s). |
