{"data":{"id":"us-mi/mich.-comp.-laws-254.232","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 254.232","heading":"Bonds made securities.","body":"Sec. 12.\n\nBonds issued by the authority under the provisions of this act are hereby made securities in which all banks, bankers, savings banks, trust companies, savings and loan associations, investment companies and other persons carrying on a banking business, all insurance companies, insurance associations, and other persons carrying on an insurance business, and all administrators, executors, guardians, trustees and other fiduciaries may properly and legally invest any funds, including capital belonging to them or within their control.","path":["MI Code","Chapter 254","Act Act-99-of-1954"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-254-232","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"63672f7f8e388cacbd8c76df9862d635bd06b9fc45d3ac2088e0fe6222609c8d","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-254.231","next":"us-mi/mich.-comp.-laws-254.233"},"notice":"GroundRules: Original legal text. Not legal advice."}