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Michigan Compiled Laws Complete Through PA 123 of 2017
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Senate: Adjourned until Tuesday, October 17, 2017 10:00:00 AM

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Act 234 of 2008
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DIVESTMENT FROM TERROR ACT

Act 234 of 2008

AN ACT to prohibit the investment of certain state money or other assets in companies with certain types of business operations in countries designated as state sponsors of terror; to require divestment of any current investments in those companies; and to provide for the powers and duties of certain state and local governmental officers and entities.


History: 2008, Act 234, Imd. Eff. July 17, 2008


© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

DocumentTypeDescription
Section 129.291SectionShort title.
Section 129.292SectionDefinitions.
Section 129.293SectionScrutinized companies; identification by fiduciary.
Section 129.294SectionScrutinized companies; assembly into list; modification; procedure to be adhered to by fiduciary.
Section 129.295SectionInternet website; collection and publication of information.
Section 129.296SectionExemption from conflicting statutory or common law obligations.
Section 129.297SectionSeverability.
Section 129.298SectionBusiness with Sudan; fiduciary subject to provisions of public employee retirement system investment act.
Section 129.299SectionBusiness with Iran; fiduciary subject to provisions of public employee retirement system investment act.
Section 129.300SectionApplicability of act; dates; extension.
Section 129.301SectionDivestment of funds; recommendations of department of treasury.
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