Michigan § 390.1437 Preserving, investing, and expending assets of trust.

Michigan Statutes

§ 390.1437 — Preserving, investing, and expending assets of trust.

Michigan § 390.1437

Ch. 390UNIVERSITIES AND COLLEGES

Act 316 of 1986MICHIGAN EDUCATION TRUST ACT (390.1421-390.1443, 390.1444)

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Bluebook

Mich. Comp. Laws § 390.1437 (2026).

Text

MICHIGAN EDUCATION TRUST ACT (EXCERPT) Act 316 of 1986 390.1437 Preserving, investing, and expending assets of trust. Sec.

17.The assets of the trust shall be preserved, invested, and expended solely pursuant to and for the purposes set forth in this act and shall not be loaned or otherwise transferred or used by the state for any purpose other than the purposes of this act. This section shall not be construed to prohibit the trust from investing in, by purchase or otherwise, bonds, notes, or other obligations of the state, an agency of the state, or an instrumentality of the state.

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MICHIGAN EDUCATION TRUST ACT (EXCERPT) Act 316 of 1986 390.1437 Preserving, investing, and expending assets of trust. Sec. 17. The assets of the trust shall be preserved, invested, and expended solely pursuant to and for the purposes set forth in this act and shall not be loaned or otherwise transferred or used by the state for any purpose other than the purposes of this act. This section shall not be construed to prohibit the trust from investing in, by purchase or otherwise, bonds, notes, or other obligations of the state, an agency of the state, or an instrumentality of the state.