Michigan § 390.705a - Board of trustees; custodians of endowment funds.

Full text of Michigan Michigan Compiled Laws § 390.705a — Board of trustees; custodians of endowment funds., with citation guidance and answers to common questions.

§ 390.705a. Board of trustees; custodians of endowment funds.

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.

Source: official Michigan text · Last verified 2026-08-27

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Frequently Asked Questions About Michigan § 390.705a

What does Michigan Compiled Laws § 390.705a cover?

Section 390.705a ("Board of trustees; custodians of endowment funds.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Michigan § 390.705a?

A common citation format is "Michigan Compiled Laws § 390.705a" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Michigan law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.

How does Michigan § 390.705a apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.