LOCAL GOVERNMENT INVESTMENT POOL ACT (EXCERPT)
Act 121 of 1985
129.148 Safekeeping depositories; security.
(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.
History: 1985, Act 121, Imd. Eff. July 31, 1985
© 2015 Legislative Council, State of Michigan