{"data":{"id":"us-mi/mich.-comp.-laws-324.19705","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 324.19705","heading":"Bonds as securities.","body":"Sec. 19705.\n\nThe bonds are securities in which banks, savings and loan associations, state authorities, investment companies, credit unions, 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 funds, including capital, belonging to them or within their control.","path":["MI Code","Chapter 324","Act Act-451-of-1994"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-324-19705","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"7a40a26f8dd9079580ffd21a8733cf35a4c10cc628187546ccd57032ed6fcc29","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-324.19704","next":"us-mi/mich.-comp.-laws-324.19706"},"notice":"GroundRules: Original legal text. Not legal advice."}