Michigan Compiled Laws § 35.82i Corporate Guardians; Common Trust Fund Investments Permitted.

35.82i Corporate guardians; common trust fund investments permitted.

Sec. 12i.

Any trust company or bank with trust powers acting as a guardian pursuant to this act and organized under the laws of this state or of the United States may invest in a common trust fund, containing only investments authorized for fiduciaries, established and maintained by the corporate fiduciary in conformity with the laws of this state or of the United States.

History: Add. 1969, Act 64, Imd. Eff. July 21, 1969

Compiler's Notes: This section evidently was intended to be incorporated into MCL 35.82 as subdivision (i).

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Last modified: October 10, 2016