{"data":{"id":"us-mi/mich.-comp.-laws-390.705a","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 390.705a","heading":"Board of trustees; custodians of endowment funds.","body":"Sec. 5-a.\n\nThe said board of trustees shall be the custodians of the endowment fund of said college and shall control the investment of the funds held for endowment purposes, whether general or special. Said board, in its management of said funds, may employ committees, individuals, banks, trust companies or other agents and may fix the compensation to be paid for services and the guaranties to be required.","path":["MI Code","Chapter 390","Act Act-72-of-1857"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-390-705a","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"80128db1ec60a3563c53e751b74e51d121624e3de271588803dd63940cbb163b","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-390.705","next":"us-mi/mich.-comp.-laws-390.706"},"notice":"GroundRules: Original legal text. Not legal advice."}