{"data":{"id":"us-mi/mich.-comp.-laws-390.1437","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 390.1437","heading":"Preserving, investing, and expending assets of trust.","body":"Sec. 17.\n\nThe assets of the trust shall be preserved, invested, and expended solely pursuant to and for the purposes set forth in this act and shall not be loaned or otherwise transferred or used by the state for any purpose other than the purposes of this act. This section shall not be construed to prohibit the trust from investing in, by purchase or otherwise, bonds, notes, or other obligations of the state, an agency of the state, or an instrumentality of the state.","path":["MI Code","Chapter 390","Act Act-316-of-1986"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-390-1437","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"2482d133f74a3cb9fec68059df197fb94245bb91be763f3d539302716c576fcb","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-390.1436","next":"us-mi/mich.-comp.-laws-390.1438"},"notice":"GroundRules: Original legal text. Not legal advice."}