Sec. 12a. "Assets", for the purpose of meeting asset limitations contained in this act, means the total of the cash and investments of a system valued at market.
Mich. Comp. Laws § 38.1132a
Definitions; A
Applied in 1 court decision — leading case Wayne County Employees Retirement System v. Wayne County (2013)
Most recently applied in Wayne County Employees Retirement System v. Wayne County (May 2013)
Add. 1996, Act 485, Imd
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.