Notes and Bonds; Legal Investment - Mich. Comp. Laws Section 125.1440
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125.1440 Notes and bonds; legal investment.
Sec. 40.
The notes and bonds of the authority are securities in which all public officers and bodies of this state and all municipalities and municipal subdivisions, all insurance companies and associations, and other persons carrying on an insurance business, all banks, trust companies, savings banks and savings associations, savings and loan associations, investment companies, all administrators, guardians, executors, trustees and other fiduciaries, and all other persons whatsoever who are now or may hereafter be authorized to invest in bonds or other obligations of the state, may properly and legally invest funds, including capital, in their control or belonging to them.
History: 1966, Act 346, Eff. Mar. 10, 1967
Section: 125.1433 125.1434 125.1435 125.1436 125.1437 125.1438 125.1439 125.1440 125.1441 125.1442 125.1443 125.1443a 125.1444 125.1444a 125.1444b
Last modified: March 17, 2013
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