Mich. Comp. Laws § 38.2739

Current through Public Act 122 of the 2024 Legislative Session

Section 38.2739 - Written trust agreement; contents

The written trust agreement for each retirement system shall contain all of the following provisions consistent with this act:

(a) Recitals describing the creation and purpose of the trust.

(b) Language reflecting the requirements of sections 4 through 7.

(c) Sections outlining the management and operation of the trust.

(d) A description of the various accounts that carry out the functions of the trust.

(e) Provisions setting forth the powers and duties of the trustees.

MCL 38.2739

Added by 2010, Act 77,s 9, eff. 5/19/2010.