MCL - Act 234 of 2008


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




The People of the State of Michigan enact:
Document Type Description
Section 129.291 Section Short title.
Section 129.292 Section Definitions.
Section 129.293 Section Scrutinized companies; identification by fiduciary.
Section 129.294 Section Scrutinized companies; assembly into list; modification; procedure to be adhered to by fiduciary.
Section 129.295 Section Internet website; collection and publication of information.
Section 129.296 Section Exemption from conflicting statutory or common law obligations.
Section 129.297 Section Severability.
Section 129.298 Section Business with Sudan; fiduciary subject to provisions of public employee retirement system investment act.
Section 129.299 Section Business with Iran; fiduciary subject to provisions of public employee retirement system investment act.
Section 129.300 Section Applicability of act; dates; extension.
Section 129.301 Section Divestment of funds; recommendations of department of treasury.