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.
Assets; diversion for other purposes prohibited.
Mich. Comp. Laws § 38.2737, under PUBLIC EMPLOYEE RETIREMENT HEALTH CARE FUNDING ACT.
Mich. Comp. Laws § 38.2737