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

324.71505 Bonds as securities.

87 words·~1 min read·/mi/chapter-324/324-71505

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324.71505 Bonds as securities.
Sec. 71505.
Bonds issued under part 713 are made 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. 1995, Act 58, Imd. Eff. May 24, 1995
Popular Name: Act 451
Popular Name: NREPA
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