Mich. Comp. Laws § 487.731

Current through Public Act 122 of the 2024 Legislative Session

Section 487.731 - U.S. defense savings bonds; banks and trust companies authorized as issuing agent for sale of; deposit or pledge of assets

Any bank, any industrial bank and any trust company is authorized to qualify as issuing agent for the sale of United States defense savings bonds, debentures, notes or other similar obligations of the United States of America and may, subject to the approval of the commissioner of the banking department, deposit and/or pledge assets as may be required for the purpose of qualifying as such agent.

MCL 487.731

1941, Act 146, Imd. Eff. 5/29/1941 ;--CL 1948, 487.731.