Michigan Laws 487.14303 – Investment in other assets

Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Bank: means a state banking corporation that is organized or reorganized under this act or organized under any law of this state enacted before March 1, 2000, including a state banking corporation that voluntarily limits its activities. See Michigan Laws 487.11201

Notwithstanding any other section of this act, a bank may invest in other assets authorized by order or declaratory ruling of the commissioner.