Michigan § 390.705a Board of trustees; custodians of endowment funds.

Michigan Statutes

§ 390.705a — Board of trustees; custodians of endowment funds.

Michigan § 390.705a

Ch. 390UNIVERSITIES AND COLLEGES

Act 72 of 1857ALBION COLLEGE (390.701-390.708)

This text of Michigan § 390.705a (Board of trustees; custodians of endowment funds.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 390.705a (2026).

Text

ALBION COLLEGE (EXCERPT) Act 72 of 1857 390.705a Board of trustees; custodians of endowment funds. Sec. 5-a. The said board of trustees shall be the custodians of the endowment fund of said college and shall control the investment of the funds held for endowment purposes, whether general or special. Said board, in its management of said funds, may employ committees, individuals, banks, trust companies or other agents and may fix the compensation to be paid for services and the guaranties to be required.

Free access — add to your briefcase to read the full text and ask questions with AI

ALBION COLLEGE (EXCERPT) Act 72 of 1857 390.705a Board of trustees; custodians of endowment funds. Sec. 5-a. The said board of trustees shall be the custodians of the endowment fund of said college and shall control the investment of the funds held for endowment purposes, whether general or special. Said board, in its management of said funds, may employ committees, individuals, banks, trust companies or other agents and may fix the compensation to be paid for services and the guaranties to be required.