Act
Michigan education trust act
- Mich. Comp. Laws § 390.1421— Short title
- Mich. Comp. Laws § 390.1422— Legislative finding and declaration
- Mich. Comp. Laws § 390.1423— Purposes of act and Michigan education trust
- Mich. Comp. Laws § 390.1424— Definitions
- Mich. Comp. Laws § 390.1425— Michigan education trust; creation; exercise of powers, duties, and functions
- Mich. Comp. Laws § 390.1426— Advance tuition payment contract generally
- Mich. Comp. Laws § 390.1427— Plan A and Plan B
- Mich. Comp. Laws § 390.1428— Termination of advance tuition payment contract; refund
- Mich. Comp. Laws § 390.1429— Advance tuition payment fund; creation; placement of payments in fund; division of fund into separate accounts; assets of trust; priority of expenditures; investments; compliance with divestment from terror act
- Mich. Comp. Laws § 390.1430— Board; appointment, qualifications, and terms of members; vacancy; deputy; chairperson; president and chief executive officer of trust; vice-president of trust; compensation; expenses; delegation of functions and authority; quorum; voting; meetings; conducting business at public meeting; notice; availability of writings to public
- Mich. Comp. Laws § 390.1431— Additional powers of board
- Mich. Comp. Laws § 390.1432— Accounting of trust generally
- Mich. Comp. Laws § 390.1433— Actuarial soundness of trust; ruling or opinion internal revenue service; answer from securities and exchange commission; making status of request known
- Mich. Comp. Laws § 390.1434— Enforcement of act and contract
- Mich. Comp. Laws § 390.1435— Exemption from taxation
- Mich. Comp. Laws § 390.1436— Contracting services necessary for management and operation of trust; instituting programs to ensure full tuition prepayment plans; report to legislature
- Mich. Comp. Laws § 390.1437— Preserving, investing, and expending assets of trust
- Mich. Comp. Laws § 390.1438— Prohibited promises or guarantees
- Mich. Comp. Laws § 390.1439— Exemption of contract from uniform securities act; sale or transfer of contract
- Mich. Comp. Laws § 390.1440— Payments deductible from taxable income
- Mich. Comp. Laws § 390.1441— Liberal construction; powers to be broadly interpreted
- Mich. Comp. Laws § 390.1442— Severability