Michigan · Statutes
Act Act-314-of-1965
36 sections
36 sections
- Mich. Comp. Laws § 38.1132Short title; meanings of words and phrases.
- Mich. Comp. Laws § 38.1132aDefinitions; A.
- Mich. Comp. Laws § 38.1132bDefinitions; D to G.
- Mich. Comp. Laws § 38.1132cDefinitions; I to L.
- Mich. Comp. Laws § 38.1132dDefinitions; N to P.
- Mich. Comp. Laws § 38.1132eDefinitions; S.
- Mich. Comp. Laws § 38.1132fDefinitions; V.
- Mich. Comp. Laws § 38.1133Investment authority; investment fiduciary; investing, reinvesting, holding in nominee form, and managing assets of system; powers and duties; compliance with divestment from terror act; costs; "consumer price index" defined; disclosure of fees or other compensation by investment service provider; "investment service provider" defined; prohibited acts; exceptions; requirements; debt instrument issued by foreign country; out-of-state travel; investment in hazardous waste deep disposal well facility; testimony by representative of office of retirement services in department of technology, management, and budget; executive summary of summary annual report; posting on website; submission to legislature; "state unit" defined.
- Mich. Comp. Laws § 38.1133a“MacBride principles” defined; duties of investment fiduciary; effect of unlawful principle.
- Mich. Comp. Laws § 38.1133cDefinitions; effort by fiduciary to identify scrutinized companies; assembly into scrutinized companies list; update and availability of list; procedures; report; effectiveness of section; exemption of fiduciary from conflicting statutory or common law obligations; liability; affirmative exclusion from federal sanctions; severability.
- Mich. Comp. Laws § 38.1133dDefinitions; scrutinized companies; identification by fiduciaries; assembling scrutinized companies list; update by fiduciary; procedure; report; effectiveness of section; conditions; liability of fiduciary; scrutinized company affirmatively excluded from federal sanctions; effect; severability.
- Mich. Comp. Laws § 38.1133eProhibited conduct by investment fiduciary, service provider, or covered associate of service provider; exceptions; definitions; official of governmental entity.
- Mich. Comp. Laws § 38.1133fBreach of public trust by investment fiduciary or service provider; "service provider" defined.
- Mich. Comp. Laws § 38.1133gInvestment committee; establishment by large sponsored system; duties; recommendation; definitions.
- Mich. Comp. Laws § 38.1134Investment in stock or global security.
- Mich. Comp. Laws § 38.1135Investment in investment companies.
- Mich. Comp. Laws § 38.1136Investment in annuity investment contracts or participations in separate accounts of life insurance company; investment in general account of life insurer; requirements.
- Mich. Comp. Laws § 38.1137Other authorized investments; prohibited investments.
- Mich. Comp. Laws § 38.1138Investment in real estate or mortgages on certain leased real property.
- Mich. Comp. Laws § 38.1139Investment in real estate investment trust or real or personal property.
- Mich. Comp. Laws § 38.1139aState treasurer as investment fiduciary; investments in private equity; limitation; investment fiduciary not state treasurer; limitation.
- Mich. Comp. Laws § 38.1139bDeduction from employee compensation by public employer; automatic enrollment of employee; notice; investment alternatives; liability; definitions.
- Mich. Comp. Laws § 38.1140Investment in secured loans; real property not considered encumbered; investment in part of obligation or participation interest in loan or group of loans; investment in real estate loan; investment in loan or loans or certificate of participation secured by loan or loans made on single family residential property; investment in certificates representing interest in mortgages or group of mortgages; limitations and restrictions; investment in second mortgage; investment with variable interest rate.
- Mich. Comp. Laws § 38.1140aInvestment in debt, warrant, or equity interest in small business, small business investment company, or venture capital firm; creation of small business investment companies or venture capital firms to invest in small businesses; limitation.
- Mich. Comp. Laws § 38.1140bDeposits by investment fiduciary.
- Mich. Comp. Laws § 38.1140cFinancial institution, trust company, or management company retained as investment fiduciary; investment of system assets in collective investment fund, common trust fund, or pooled fund established and maintained by financial institution or management company; “financial institution” defined.
- Mich. Comp. Laws § 38.1140dInvestments not qualified under act.
- Mich. Comp. Laws § 38.1140eLoan of securities by investment fiduciary.
- Mich. Comp. Laws § 38.1140fTransferring and holding securities.
- Mich. Comp. Laws § 38.1140gInvestment in securities exempt from taxes.
- Mich. Comp. Laws § 38.1140hApplicable law; retention of financial records; "financial records" defined; disclosure of certain information; actuarial valuation; supplemental actuarial analysis; "proposed pension benefit change" defined; availability and publication of summary annual report.
- Mich. Comp. Laws § 38.1140jInvestment in derivatives.
- Mich. Comp. Laws § 38.1140kInvestment in global securities; prohibited conduct.
- Mich. Comp. Laws § 38.1140lFinancial or proprietary information.
- Mich. Comp. Laws § 38.1140mEmployer contribution.
- Mich. Comp. Laws § 38.1141Removal of member of board or body.