Michigan § 38.1138 - Investment in real estate or mortgages on certain leased real property.
Full text of Michigan Michigan Compiled Laws § 38.1138 — Investment in real estate or mortgages on certain leased real property., with citation guidance and answers to common questions.
§ 38.1138. Investment in real estate or mortgages on certain leased real property.
An investment fiduciary may invest in real estate or mortgages on real property leased or to be leased to the United States government, or to a state, territory, agency, authority, or public instrumentality of the United States, if the investment does not exceed 100% of the appraised value of the property subject to the mortgage and if all of the following requirements are met:
The lease has an unexpired term exclusive of optional renewal terms equal to or greater than the remaining term of the investment.
The lease provides for net rental payments equal to or greater than the periodic payments on the investment.
The lease and the lease payments are assigned to the system.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 38.1138
What does Michigan Compiled Laws § 38.1138 cover?
Section 38.1138 ("Investment in real estate or mortgages on certain leased real property.") 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 § 38.1138?
A common citation format is "Michigan Compiled Laws § 38.1138" (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 § 38.1138 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.