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Michigan Compiled Laws, Chapter 390. Universities and Colleges § 390.705a

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

Sec. 5-a. The said board of trustees shall be the custodians of the endowment fund of said college and shall control the investment of the funds held for endowment purposes, whether general or special. Said board, in its management of said funds, may employ committees, individuals, banks, trust companies or other agents and may fix the compensation to be paid for services and the guaranties to be required.

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Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 390. Universities and Colleges § 390.705a - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-390-universities-and-colleges/mi-comp-laws-390-705a/

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