2010 Michigan Compiled Laws
Chapter 129 - PUBLIC FUNDS
Act 234 of 2008 - DIVESTMENT FROM TERROR ACT (129.291 - 129.301)

DIVESTMENT FROM TERROR ACT
Act 234 of 2008
AN ACT to prohibit the investment of certain state money or other assets in companies with certain types of business operations in countries designated as state sponsors of terror; to require divestment of any current investments in those companies; and to provide for the powers and duties of certain state and local governmental officers and entities.

History: 2008, Act 234, Imd. Eff. July 17, 2008

• Section 129.291 - Short title.
• Section 129.292 - Definitions.
• Section 129.293 - Scrutinized companies; identification by fiduciary.
• Section 129.294 - Scrutinized companies; assembly into list; modification; procedure to be adhered to by fiduciary.
• Section 129.295 - Internet website; collection and publication of information.
• Section 129.296 - Exemption from conflicting statutory or common law obligations.
• Section 129.297 - Severability.
• Section 129.298 - Business with Sudan; fiduciary subject to provisions of public employee retirement system investment act.
• Section 129.299 - Business with Iran; fiduciary subject to provisions of public employee retirement system investment act.
• Section 129.300 - Applicability of act; dates; extension.
• Section 129.301 - Divestment of funds; recommendations of department of treasury.