There is a newer version of the Michigan Compiled Laws
2016 Michigan Compiled Laws
Chapter 129 - Public Funds
Act 121 of 1985 LOCAL GOVERNMENT INVESTMENT POOL ACT (129.141 - 129.150)
Section 129.148 Safekeeping depositories; security.
MI Comp L § 129.148 (2016) What's This?
129.148 Safekeeping depositories; security.
Sec. 8.
(1) The treasurer of a participating county may use safekeeping depositories for the holding of securities.
(2) Security in the form of collateral, surety bond, or another form may be taken for the deposits or investments of an investment pool.
History: 1985, Act 121, Imd. Eff. July 31, 1985
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