Michigan Compiled Laws § 35.1038 Bonds As Investment Securities.

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: Previous  35.1026  35.1027  35.1027a  35.1028  35.1029  35.1030  35.1031  35.1032  35.1033  35.1034  35.1035  35.1036  35.1037  35.1038  

Last modified: October 10, 2016