Michigan Laws 487.731 – U.S. defense savings bonds; banks and trust companies authorized as issuing agent for sale of; deposit or pledge of assets
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Michigan Laws 487.731
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- United States: shall be construed to include the district and territories. See Michigan Laws 8.3o
Any bank, any industrial bank and any trust company is authorized to qualify as issuing agent for the sale of United States defense savings bonds, debentures, notes or other similar obligations of the United States of America and may, subject to the approval of the commissioner of the banking department, deposit and/or pledge assets as may be required for the purpose of qualifying as such agent.