Michigan § 447.167 Bonds, debentures, notes, or other evidence of indebtedness as securities; investment; deposit.

Michigan Statutes

§ 447.167 — Bonds, debentures, notes, or other evidence of indebtedness as securities; investment; deposit.

Michigan § 447.167

Ch. 447FOREIGN TRADE

Act 157 of 1986MICHIGAN EXPORT DEVELOPMENT ACT (447.151-447.168)

This text of Michigan § 447.167 (Bonds, debentures, notes, or other evidence of indebtedness as securities; investment; deposit.) 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 § 447.167 (2026).

Text

MICHIGAN EXPORT DEVELOPMENT ACT (EXCERPT) Act 157 of 1986 447.167 Bonds, debentures, notes, or other evidence of indebtedness as securities; investment; deposit. Sec. 17.

(1)The bonds, debentures, notes, or other evidence of indebtedness of the authority are made securities in which all public officers and bodies of this state and all municipal subdivisions of this state; all insurance companies and associations and other persons carrying on an insurance business; all banks, bankers, trust companies, savings banks, savings associations, including savings and loan associations and building and loan associations, investment companies and other persons carrying on a banking business; all administrators, guardians, executors, trustees, and other fiduciaries; and all other persons whatsoever w

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MICHIGAN EXPORT DEVELOPMENT ACT (EXCERPT) Act 157 of 1986 447.167 Bonds, debentures, notes, or other evidence of indebtedness as securities; investment; deposit. Sec. 17. (1) The bonds, debentures, notes, or other evidence of indebtedness of the authority are made securities in which all public officers and bodies of this state and all municipal subdivisions of this state; all insurance companies and associations and other persons carrying on an insurance business; all banks, bankers, trust companies, savings banks, savings associations, including savings and loan associations and building and loan associations, investment companies and other persons carrying on a banking business; all administrators, guardians, executors, trustees, and other fiduciaries; and all other persons whatsoever who are now or who later may be authorized to invest in bonds or other obligations of this state may ly and legally invest funds, including capital, in their control or belonging to them. (2) The bonds, debentures, notes, or other evidence of indebtedness of the authority also are made securities which may be deposited with and may be received by all public officers and bodies of this state and all municipal subdivisions of this state for any purpose for which the deposit of bonds or other obligations of this state are now or later may be authorized.