Michigan § 38.1140k - Investment in global securities; prohibited conduct.
Full text of Michigan Michigan Compiled Laws § 38.1140k — Investment in global securities; prohibited conduct., with citation guidance and answers to common questions.
§ 38.1140k. Investment in global securities; prohibited conduct.
(1) Notwithstanding a percentage of total assets limitation for an investment provided in any other section of this act, an investment fiduciary who is the state treasurer or the investment fiduciary of a system that has assets of $2,000,000,000.00 or more may invest not more than 30% of a system's assets in global securities. An investment fiduciary of a system that has assets of less than $2,000,000,000.00 and who is not the state treasurer may invest not more than 20% of a system's assets in global securities. Except as otherwise provided in this act, an investment fiduciary shall not do any of the following:
(a) Invest in more than 5% of the outstanding global securities of any 1 issuer.
(b) Invest more than 5% of a system's assets in the global securities of any 1 issuer.
(2) Investments in global securities under this section shall be made only by investment fiduciaries described in section 13(11) who have demonstrated expertise in investments of that type.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 38.1140k
What does Michigan Compiled Laws § 38.1140k cover?
Section 38.1140k ("Investment in global securities; prohibited conduct.") 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 § 38.1140k?
A common citation format is "Michigan Compiled Laws § 38.1140k" (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 § 38.1140k 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.