Sec. 20f. An investment fiduciary may use 1 or more nominees to facilitate transfer of a system's securities and may hold the securities in safekeeping with the federal reserve system, a clearing corporation, or a custodian bank which is a member of the federal reserve system.
Transferring and holding securities.
Mich. Comp. Laws § 38.1140f, under PUBLIC EMPLOYEE RETIREMENT SYSTEM INVESTMENT ACT.
Mich. Comp. Laws § 38.1140f