Advanced Search

Investment Of Surplus Funds Of Political Subdivisions (Excerpt) Act 20 Of 1943

Published: 2015

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
Act 20 of 1943

129.93 Existing investments ratified and validated.

Sec. 3.

Investments made before the effective date of the amendatory act that repealed section 2 of the surplus funds, sinking funds, or insurance funds of a political subdivision of this state in bonds and other obligations of the United States or its instrumentalities or certificates of deposit or depository receipts of a bank that is a member of the federal deposit insurance corporation as provided under section 1 and former section 2 of this act are hereby ratified and validated.

History: 1943, Act 20, Imd. Eff. Mar. 13, 1943


CL 1948, 129.93


Am. 1964, Act 126, Eff. Aug. 28, 1964


Am. 1997, Act 196, Imd. Eff. Dec. 30, 1997

© 2015 Legislative Council, State of Michigan