Sec. 11.
The commissioner of the office of financial and insurance services may promulgate and enforce rules regulating the administration of funds under this act pursuant to the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328.
History: 1941, Act 174, Eff. Jan. 10, 1942 ;-- CL 1948, 555.111 ;-- Am. 2004, Act 586, Imd. Eff. Jan. 4, 2005 Popular Name: Common Trust Fund Act
Structure Michigan Compiled Laws
Act 174 of 1941 - Collective Investment Funds Act (555.101 - 555.113)
Section 555.101 - Short Title; Definitions.
Section 555.102 - Funds; Financial Institution May Establish, Maintain, and Administer.
Section 555.103 - Funds; Financial Institution May Invest as Fiduciary.
Section 555.105 - Common Trust Funds; Funds Investment.
Section 555.105a - Interest in Fund Other Than Fiduciary; Prohibition; Restrictions.
Section 555.106 - Common Trust Funds; Participation; Certificate.
Section 555.107 - Common Trust Funds; Management; Control; Ownership.
Section 555.109 - Common Trust Funds; Management Fee; Expenses.
Section 555.110 - Common Trust Funds; Mistakes in Administration; Effect.
Section 555.111 - Common Trust Funds; Rules Regulating Administration.
Section 555.112 - Common Trust Funds; Additional Investments.
Section 555.113 - Common Trust Funds; Court Accountings; Jurisdiction of Probate Court.