{"data":{"id":"us-mi/mich.-comp.-laws-390.1157","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 390.1157","heading":"Bonds as investment securities.","body":"Sec. 7.\n\nThe bonds of the authority are securities, in which public officers and bodies of this state, municipalities and municipal subdivisions, insurance companies and associations, persons carrying on an insurance business, banks, trust companies, savings banks and savings associations, savings and loan associations, investment companies, administrators, guardians, executors, trustees, other fiduciaries, and all other persons who are authorized to invest in bonds or other obligations of the state, may properly and legally invest funds, including capital, in their control or belonging to them.","path":["MI Code","Chapter 390","Act Act-222-of-1975"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-390-1157","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"ac56636866aa85ceff36ed1d353c2bd37b5e61eb70e7def5095c35a55748af7d","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-390.1156","next":"us-mi/mich.-comp.-laws-390.1158"},"notice":"GroundRules: Original legal text. Not legal advice."}