2010 Michigan Compiled Laws
Chapter 555 - USES AND TRUSTS
Act 174 of 1941 - COLLECTIVE INVESTMENT FUNDS ACT (555.101 - 555.113)

COLLECTIVE INVESTMENT FUNDS ACT
Act 174 of 1941
AN ACT to authorize the establishment and the maintenance of common trust funds and collective investment funds; to authorize investments or participations in those funds; to define the requirements and terms of those funds, the conditions and terms governing investments or participations in those funds, and the admission and withdrawal of those investments or participations; to prescribe and define the rights, powers, and duties of banks, trust companies, fiduciaries, participants, beneficiaries, and other persons with respect to common trust funds and collective investment funds; and to provide for the regulation and supervision of those funds.


History: 1941, Act 174, Eff. Jan. 10, 1942 ;-- Am. 2004, Act 586, Imd. Eff. Jan. 4, 2005
Popular Name: Common Trust Fund Act

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