Michigan Compiled Laws § 38.1140f Transferring And Holding Securities.

38.1140f Transferring and holding securities.

Sec. 20f.

An investment fiduciary may use 1 or more nominees to facilitate transfer of a system's securities and may hold the securities in safekeeping with the federal reserve system, a clearing corporation, or a custodian bank which is a member of the federal reserve system.

History: Add. 1982, Act 55, Imd. Eff. Apr. 6, 1982

Section: Previous  38.1139b  38.1140  38.1140a  38.1140b  38.1140c  38.1140d  38.1140e  38.1140f  38.1140g  38.1140h  38.1140i  38.1140j  38.1140k  38.1140l  38.1140m  Next

Last modified: October 10, 2016