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Form a Business

Maintaining separate account for each participant; monthly statement of transactions; report.

MCL 129.115
in effect
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129.115. Maintaining separate account for each participant; monthly statement of transactions; report. Sec. 5. The depository shall maintain for each participant a separate account designated by the participant's name and number. Each account shall show the deposits, earnings, and withdrawals of, and any fees paid by, the participant. Each participant shall receive a monthly statement of transactions and, upon request, shall be furnished a report showing the investment holdings of the investment pool as of the end of the previous month. 1982, Act 367, Eff. Mar. 30, 1983
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-129-115Fetched: 10/20/2026

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