{"data":{"id":"us-mi/mich.-comp.-laws-830.422","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 830.422","heading":"Investment in bonds.","body":"Sec. 12.\n\nBonds issued by the building authority under this act are securities in which banks, bankers, savings banks, trust companies, savings and loan associations, investment companies, and other persons carrying on a banking business, insurance companies, insurance associations, and other persons carrying on an insurance business, and administrators, executors, guardians, trustees, and other fiduciaries may properly and legally invest funds belonging to them or within their control.","path":["MI Code","Chapter 830","Act Act-183-of-1964"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-830-422","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"a3e2f4098bfd9433fb454b871955b5de38b2313a3ecfbb5bd028c3b50479771f","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-830.421a","next":"us-mi/mich.-comp.-laws-830.423"},"notice":"GroundRules: Original legal text. Not legal advice."}