Michigan Compiled Laws § 324.19605 Bonds As Securities; Investment Of Funds.


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


Section: Previous  324.19601  324.19602  324.19603  324.19604  324.19605  324.19606  324.19607  324.19608  324.19608a  324.19609  324.19610  324.19611  324.19612  324.19613  324.19614  Next

Last modified: October 10, 2016