38.2739 Written trust agreement; contents.
92 words·~1 min read·
/mi/chapter-38/38-2739A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
38.2739 Written trust agreement; contents.
Sec. 9.
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.
History: 2010, Act 77 , Imd. Eff. May 19, 2010