Section 38.2737 Assets; Diversion for Other Purposes Prohibited.

MI Comp L § 38.2737 (2019) (N/A)
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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