Michigan § 129.293 - Scrutinized companies; identification by fiduciary.
Full text of Michigan Michigan Compiled Laws § 129.293 — Scrutinized companies; identification by fiduciary., with citation guidance and answers to common questions.
§ 129.293. Scrutinized companies; identification by fiduciary.
Within 90 days after the effective date of this act, the fiduciary shall make its best efforts to identify all scrutinized companies in which the fiduciary has direct or indirect holdings or has a current option to have such holdings in the future. The efforts may include 1 or more of the following:
(a) Reviewing and relying, as appropriate in the fiduciary's judgment, on publicly available information regarding companies with business operations in a state sponsor of terror, including information provided by nonprofit organizations, research firms, international organizations, and government entities.
(b) Contacting asset managers contracted by the fiduciary that invest in companies with business operations in a state sponsor of terror.
(c) Contacting other institutional investors that have divested from or engaged with companies that have business operations in a state sponsor of terror.
(d) Reviewing the laws of the United States regarding the levels of business activity that would cause application of sanctions against companies conducting business or investing in countries that are designated state sponsors of terror.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 129.293
What does Michigan Compiled Laws § 129.293 cover?
Section 129.293 ("Scrutinized companies; identification by fiduciary.") 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 § 129.293?
A common citation format is "Michigan Compiled Laws § 129.293" (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 § 129.293 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.