Michigan § 38.863 - Contribution fund; establishment; deposits.
Full text of Michigan Michigan Compiled Laws § 38.863 — Contribution fund; establishment; deposits., with citation guidance and answers to common questions.
§ 38.863. Contribution fund; establishment; deposits.
There is established in the state treasury a special fund to be known as the contribution fund. The fund shall consist of and there shall be deposited in the fund all of the following:
All contributions, interest, and penalties collected under sections 5, 8, 10, and 11.
All money appropriated under this act.
Any property or securities acquired through the use of money belonging to the fund.
All sums recovered upon the bond of the custodian or otherwise for losses sustained by the fund and all other money received for the fund from any other source. All money received in the fund under this section shall be mingled and undivided, except as provided in section 14. Subject to the provisions of this act, the department is vested with full power, authority, and jurisdiction over the fund, including all money and property or securities belonging to the fund, and may perform any and all acts whether or not specifically designated, which are necessary to the administration of the fund and are consistent with the provisions of this act. Interest earnings on cash balances shall not be deposited in the fund.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 38.863
What does Michigan Compiled Laws § 38.863 cover?
Section 38.863 ("Contribution fund; establishment; deposits.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 38.863?
A common citation format is "Michigan Compiled Laws § 38.863" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 38.863 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.