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Standard of Judgment and Care - Mich. Comp. Laws Section 129.146

Legal Research Home > Michigan Laws > Public Funds > Standard of Judgment and Care - Mich. Comp. Laws Section 129.146

129.146 Standard of judgment and care.

Sec. 6.

The treasurer of a participating county shall invest the money in the investment pool with the degree of judgment and care, under circumstances then prevailing, that a person of prudence, discretion, and intelligence exercises in the management of his or her own affairs, not for speculation, but for investment, considering the probable safety of his or her capital as well as the probable income to be derived from an investment of his or her capital.

History: 1985, Act 121, Imd. Eff. July 31, 1985

Section: Previous 129.133 129.134 129.141 129.142 129.143 129.144 129.145 129.146 129.147 129.148 129.149 129.150 129.171 129.173 129.175 Next

Last modified: March 17, 2013