COLLECTIVE INVESTMENT FUNDS ACT (EXCERPT)
Act 174 of 1941

555.105 Common trust funds; funds investment.

Sec. 5.

A financial institution may invest and reinvest the assets of a fund in accordance with the plan for that fund.

History: 1941, Act 174, Eff. Jan. 10, 1942 ;-- CL 1948, 555.105 ;-- Am. 2004, Act 586, Imd. Eff. Jan. 4, 2005
Popular Name: Common Trust Fund Act

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Michigan Compiled Laws Complete Through PA 5 of 2025
Courtesy of legislature.mi.gov