There is a newer version of the Michigan Compiled Laws
2023
2022
2021
2020
2019
Other previous versions
View our newest version here

2016 Michigan Compiled Laws
Chapter 830 - State Building Programs
Act 183 of 1964 STATE BUILDING AUTHORITY (830.411 - 830.425)
Section 830.422 Investment in bonds.

MI Comp L § 830.422 (2016) What's This?

830.422 Investment in bonds.

Sec. 12.

Bonds issued by the building authority under this act are securities in which banks, bankers, savings banks, trust companies, savings and loan associations, investment companies, and other persons carrying on a banking business, insurance companies, insurance associations, and other persons carrying on an insurance business, and administrators, executors, guardians, trustees, and other fiduciaries may properly and legally invest funds belonging to them or within their control.


History: 1964, Act 183, Imd. Eff. May 19, 1964 ;-- Am. 1976, Act 240, Eff. Mar. 31, 1977

Compiler's Notes: For transfer of state building authority from department of technology, management, and budget to department of treasury, see E.R.O. No. 2013-3, compiled at MCL 125.1393.


Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.