35.82i Corporate guardians; common trust fund investments permitted. Sec. 12i. Any trust company or bank with trust powers acting as a guardian pursuant to this act and organized under the laws of this state or of the United States may invest in a common trust fund, containing only investments authorized for fiduciaries, established and maintained by the corporate fiduciary in conformity with the laws of this state or of the United States. History: Add. 1969, Act 64, Imd. Eff. July 21, 1969 Compiler's Notes: This section evidently was intended to be incorporated into MCL 35.82 as subdivision (i).
Michigan Legal Code