324.19605 Bonds as securities; investment of funds. Sec. 19605. The bonds are securities in which banks, savings and loan associations, 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. History: Add. 1998, Act 288, Eff. Dec. 1, 1998 Popular Name: Act 451Popular Name: NREPA