Michigan § 129.142 - Definitions.
Full text of Michigan Michigan Compiled Laws § 129.142 — Definitions., with citation guidance and answers to common questions.
§ 129.142. Definitions.
As used in this act:
"Governing body" means the board, council, or other official body that has general governing powers over a local unit.
"Investment pool" means a local government investment pool authorized in section 3.
"Local unit" means a county, city, village, township, authority created pursuant to state law or municipal charter, special assessment district, municipal board or commission established under state law or municipal charter, or intergovernmental board, commission, or council established pursuant to the urban cooperation act of 1967, Act No. 7 of the Public Acts of the Extra Session of 1967, being sections 124.501 to 124.512 of the Michigan Compiled Laws, or Act No. 8 of the Public Acts of the Extra Session of 1967, being sections 124.531 to 124.536 of the Michigan Compiled Laws.
"Participant" means a local unit participating in the investment pool.
"Participating county" means a county that has been authorized by the county governing body to enter into a contract with another local unit pursuant to section 4.
"Safekeeping depository" means a federal reserve bank or other institution which is qualified to hold securities for safekeeping.
Frequently Asked Questions About Michigan § 129.142
What does Michigan Compiled Laws § 129.142 cover?
Section 129.142 ("Definitions.") 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 § 129.142?
A common citation format is "Michigan Compiled Laws § 129.142" (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 § 129.142 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.