Mich. Comp. Laws § 38.2737
This is the official text of Mich. Comp. Laws § 38.2737, part of Michigan’s Comp. Laws — part of the compiled statutory law of Michigan, published by the state as "Comp. Laws." Browse the sections below, each linked to its official government source.
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Assets; diversion for other purposes prohibited.
Official statutory text
Sec. 7.
The assets of the irrevocable trust shall be used exclusively for the benefit of past members and their funding account dependents and shall not be diverted for a purpose other than the payment of retirement health care benefits and the administrative costs of providing such benefits.
History: 2010, Act 77, Imd. Eff. May 19, 2010
The assets of the irrevocable trust shall be used exclusively for the benefit of past members and their funding account dependents and shall not be diverted for a purpose other than the payment of retirement health care benefits and the administrative costs of providing such benefits.
History: 2010, Act 77, Imd. Eff. May 19, 2010
Status: in_force · Read it on the official government site
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