Michigan Compiled Laws
Chapter 555 - Uses and Trusts
Act 174 of 1941 - Collective Investment Funds Act (555.101 - 555.113)

Section 555.101 - Short Title; Definitions. - Sec. 1. (1) This act shall be known and may...

Section 555.102 - Funds; Financial Institution May Establish, Maintain, and Administer. - Sec. 2. A financial institution may establish, maintain, and administer...

Section 555.103 - Funds; Financial Institution May Invest as Fiduciary. - Sec. 3. A financial institution in its capacity as a...

Section 555.104 - Funds; Establishment and Maintenance of Plan; Provisions; Availability for Inspection. - Sec. 4. (1) A financial institution shall establish and maintain...

Section 555.104a - Audit; Financial Report; Contents; Items to Be Excluded From Report; Availability; Advertising Common Trust Fund. - Sec. 4a. (1) At least once during each 12-month period,...

Section 555.105 - Common Trust Funds; Funds Investment. - Sec. 5. A financial institution may invest and reinvest the...

Section 555.105a - Interest in Fund Other Than Fiduciary; Prohibition; Restrictions. - Sec. 5a. (1) A financial institution administering a fund shall...

Section 555.106 - Common Trust Funds; Participation; Certificate. - Sec. 6. (1) A financial institution administering a fund shall...

Section 555.107 - Common Trust Funds; Management; Control; Ownership. - Sec. 7. A financial institution has exclusive management and control...

Section 555.108 - Common Trust Funds; Assets Valuation; Admission and Withdrawal; Basis; Distribution. - Sec. 8. (1) A financial institution administering a fund that...

Section 555.109 - Common Trust Funds; Management Fee; Expenses. - Sec. 9. (1) A financial institution administering a fund may...

Section 555.110 - Common Trust Funds; Mistakes in Administration; Effect. - Sec. 10. A mistake made in good faith and in...

Section 555.111 - Common Trust Funds; Rules Regulating Administration. - Sec. 11. The commissioner of the office of financial and...

Section 555.112 - Common Trust Funds; Additional Investments. - Sec. 12. (1) In addition to investing assets in a...

Section 555.113 - Common Trust Funds; Court Accountings; Jurisdiction of Probate Court. - Sec. 13. Unless ordered by a court of competent jurisdiction,...