47 chapters · 822 sections in this title.
Mich. Comp. Laws § 38.1539 Retirement board as trustees of money and other assets; investments; investment counsel; purpose of investments; discretionary authority.
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Sec. 39. (1) The retirement board shall be the trustees of the money and other assets of the retirement system. The board shall have full power and authority to invest and reinvest the money and other assets of the retirement system subject to all terms, conditions, limitations, …
Mich. Comp. Laws § 38.1540 Prohibited conduct.
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Sec. 40. Members of the retirement board and employees of the retirement system are prohibited from: (a) Having any beneficial interest, direct or indirect, in any investment of the retirement system. (b) Being an endorser or obligor, or providing surety, for any money loaned to …
Mich. Comp. Laws § 38.1545 Annual meeting; selection of members to retirement board; transaction of business; notice of meeting; certification of delegates; conduct of election; nominating procedures; referendum.
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Sec. 45. (1) The retirement board shall call an annual meeting of the retirement system for the purpose of selecting members of the retirement board and the transaction of such other business as the retirement board determines. Notice of the annual meeting shall be sent to each p…
Mich. Comp. Laws § 38.1545b Contested case hearing.
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Sec. 45b. The retirement board shall provide for a hearing on written request of a person, participating court, or participating municipality aggrieved by a decision of the retirement system. The hearing under this section must be conducted as a contested case under chapter 4 of …