Sec. 12i. Any trust company or bank with trust powers acting as a guardian pursuant to this act and organized under the laws of this state or of the United States may invest in a common trust fund, containing only investments authorized for fiduciaries, established and maintained by the corporate fiduciary in conformity with the laws of this state or of the United States.
Mich. Comp. Laws § 35.82i
Corporate guardians; common trust fund investments permitted
Known as the Uniform Veterans' Guardianship Act
The act spans §§ 35.71 to 35.91 (23 sections).
Add. 1969, Act 64, Imd
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.