2006 Michigan Compiled Laws - Mich. Comp. Laws § 129.115 Maintaining separate account for each participant; monthly statement of transactions; report.

SURPLUS FUNDS INVESTMENT POOL ACT (EXCERPT)
Act 367 of 1982


129.115 Maintaining separate account for each participant; monthly statement of transactions; report.

Sec. 5.

The depository shall maintain for each participant a separate account designated by the participant's name and number. Each account shall show the deposits, earnings, and withdrawals of, and any fees paid by, the participant. Each participant shall receive a monthly statement of transactions and, upon request, shall be furnished a report showing the investment holdings of the investment pool as of the end of the previous month.


History: 1982, Act 367, Eff. Mar. 30, 1983



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.