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Michigan Compiled Laws, Chapter 129. Public Funds § 129.146

Current as of January 01, 2025 | Updated by Findlaw Staff

Sec. 6. The treasurer of a participating county shall invest the money in the investment pool with the degree of judgment and care, under circumstances then prevailing, that a person of prudence, discretion, and intelligence exercises in the management of his or her own affairs, not for speculation, but for investment, considering the probable safety of his or her capital as well as the probable income to be derived from an investment of his or her capital.

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Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 129. Public Funds § 129.146 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-129-public-funds/mi-comp-laws-129-146/

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