Bonds as Investment Securities - Mich. Comp. Laws Section 35.1038
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35.1038 Bonds as investment securities.
Sec. 18.
Bonds issued under the provisions of this act are hereby made securities in which all banks, bankers, savings banks, trust companies, savings and loan associations, investment companies, 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 any funds, including capital, belonging to them or within their control.
History: 1974, Act 370, Imd. Eff. Dec. 23, 1974
Section: 35.1031 35.1032 35.1033 35.1034 35.1035 35.1036 35.1037 35.1038 35.1051 35.1052 35.1053 35.1054 35.1055 35.1055a 35.1056
Last modified: March 17, 2013
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