Sec. 8. (1) The treasurer of a participating county may use safekeeping depositories for the holding of securities. (2) Security in the form of collateral, surety bond, or another form may be taken for the deposits or investments of an investment pool.
Mich. Comp. Laws § 129.148
Safekeeping depositories; security
1985, Act 121, Imd
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.