Michigan Laws 129.117 – Default in payment of principal, interest, or other income; remedies of depository
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Michigan Laws 129.117
- Depository: means that department of the financial institution which is responsible for managing, investing, and reinvesting funds placed in an investment pool. See Michigan Laws 129.112
If a default occurs in the payment of principal, interest, or other income of an investment pool, the depository shall pursue all remedies available to it at law or in equity.