Mich. Comp. Laws § 129.115: Maintaining separate account for each participant; monthly statement of transactions; report.
Where this section sits in the code
- MI Code
- Chapter 129
- Act Act-367-of-1982
Sec. 5.
The depository shall maintain for each participant a separate account designated by the participant's name and number. Each account shall show the deposits, earnings, and withdrawals of, and any fees paid by, the participant. Each participant shall receive a monthly statement of transactions and, upon request, shall be furnished a report showing the investment holdings of the investment pool as of the end of the previous month.
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