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2022 Michigan Compiled Laws
Chapter 129 - Public Funds
Act 234 of 2008 - Divestment From Terror Act (129.291 - 129.301)
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.
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