2009 Michigan Laws 38.1140f – Transferring and holding securities

Current as of: 2009 | Check for updates | Other versions

Sec. 20f.

An investment fiduciary may use 1 or more nominees to facilitate transfer of a system’s securities and may hold the securities in safekeeping with the federal reserve system, a clearing corporation, or a custodian bank which is a member of the federal reserve system.