Michigan Compiled Laws 215-2003-4-3 Part 3 Investments (490.431...490.432)

• Section 490.431 Investment Of Funds Not Used In Member Loans; Limitations; Maintenance Of Files.
  (1) A domestic credit union may invest funds not used in loans to members in any of the following: (a) Securities, obligations, or other...
• Section 490.432 Purchase Of Obligation Of Member.
  (1) If the purchase meets the conditions of a written policy of the credit union board, a domestic credit union may purchase 1 or...

Last modified: October 10, 2016