Source: http://www.lawserver.com/law/state/michigan/mi-laws/michigan_laws_chapter_390_act_316_of_1986
Timestamp: 2013-05-23 22:09:51
Document Index: 585874477

Matched Legal Cases: ['§ 390', '§ 390', '§ 390', '§ 390', '§ 390', '§ 390', '§ 390', '§ 390', '§ 390', '§ 390', '§ 390', '§ 390', '§ 390', '§ 390', '§ 390', '§ 390', '§ 390', '§ 390', '§ 390', '§ 390', '§ 390', '§ 390', '§ 390']

Michigan Laws > Chapter 390 > Act 316 of 1986 - Michigan Education Trust Act :: Lawserver LawServer - Laws, Legal Information and Lawyers
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Michigan Laws > Chapter 390 > Act 316 of 1986 - Michigan Education Trust Act Michigan Laws > Chapter 390 > Act 316 of 1986 - Michigan Education Trust ActCurrent as of: 2009Check for updates§ 390.1421Short title§ 390.1422Legislative finding and declaration§ 390.1423Purposes of act and Michigan education trust§ 390.1424Definitions§ 390.1425Michigan education trust; creation; exercise of powers, duties, and functions§ 390.1426Advance tuition payment contract generally§ 390.1427Plan A and Plan B§ 390.1428Termination of advance tuition payment contract; refund§ 390.1429Advance 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§ 390.1430Board; 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; condu§ 390.1431Additional powers of board§ 390.1432Accounting of trust generally§ 390.1433Actuarial soundness of trust; ruling or opinion internal revenue service; answer from securities and exchange commission; making status of request known§ 390.1434Enforcement of act and contract§ 390.1435Exemption from taxation§ 390.1436Contracting services necessary for management and operation of trust; instituting programs to ensure full tuition prepayment plans; report to legislature§ 390.1437Preserving, investing, and expending assets of trust§ 390.1438Prohibited promises or guarantees§ 390.1439Exemption of contract from uniform securities act; sale or transfer of contract§ 390.1440Payments deductible from taxable income§ 390.1441Liberal construction; powers to be broadly interpreted§ 390.1442Severability§ 390.1443, 390.1444Repealed. 2004, Act 388, Imd. Eff. Oct. 12, 2004________________________________________________________________________