Michigan Compiled Laws Act 146 Of 1941 U. S. Defense Savings Bonds (487.731 - 487.732)

AN ACT to authorize banks, industrial banks and trust companies to qualify as issuing agents for the sale of United States defense savings bonds, debentures, notes or other similar obligations of the United States of America and, if required, to pledge assets for the purpose of qualifying as such agents.

History: 1941, Act 146, Imd. Eff. May 29, 1941

Section 487.731 U. S. Defense Savings Bonds; Banks And Trust Companies Authorized As Issuing Agent For Sale Of; Deposit Or Pledge Of Assets.
Any bank, any industrial bank and any trust company is authorized to qualify as issuing agent for the sale of United States defense savings...
Section 487.732 Pledging Of Assets; Limitation Of Financial Institutions Act Not Otherwise Affected.
This act shall not affect the limitations and restrictions of Act No. 341 of the Public Acts of 1937, as amended, with respect to...

Last modified: October 10, 2016