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Code · Michigan · Chapter 324 — Natural Resources and Environmental Protection

324.19605 Bonds as securities; investment of funds.

86 words·~1 min read·/mi/chapter-324/324-19605

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324.19605 Bonds as securities; investment of funds.
Sec. 19605.
The bonds are securities in which banks, savings and loan associations, investment companies, credit unions, and other persons carrying on a banking business; all insurance companies, insurance associations, and other persons carrying on an insurance business; and all administrators, executors, guardians, trustees, and other fiduciaries may properly and legally invest funds, including capital, belonging to them or within their control.
History: Add. 1998, Act 288 , Eff. Dec. 1, 1998
Popular Name: Act 451
Popular Name: NREPA
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