Sec. 18.
Bonds issued under the provisions of this act are hereby made securities in which all banks, bankers, savings banks, trust companies, savings and loan associations, investment companies, 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 any funds, including capital, belonging to them or within their control.
History: 1974, Act 370, Imd. Eff. Dec. 23, 1974
Structure Michigan Compiled Laws
Chapter 35 - Veterans and Members of Armed Forces
Act 370 of 1974 - Vietnam Veteran Era Bonus Act (35.1021 - 35.1038)
Section 35.1021 - Short Title.
Section 35.1022 - Definitions.
Section 35.1023 - Service Bonus for Combat Veterans and Veterans; Amount.
Section 35.1024 - Bonus as Both Veteran and Combat Veteran Prohibited.
Section 35.1028 - Expenses of Administration; Appropriation.
Section 35.1029 - Wilful False Statement; Penalty.
Section 35.1030 - Payments Deemed Gifts or Gratuities.
Section 35.1031 - Time Limitation on Application for Benefits; Exception.
Section 35.1032 - Person Not Disqualified by Eligibility or Application for Other Benefits.
Section 35.1033 - Federal Financial Aid or Other Assistance.