Michigan § 141.1562 - Determination that financial emergency rectified; actions by governor.
Full text of Michigan Michigan Compiled Laws § 141.1562 — Determination that financial emergency rectified; actions by governor., with citation guidance and answers to common questions.
§ 141.1562. Determination that financial emergency rectified; actions by governor.
(1) If an emergency manager determines that the financial emergency that he or she was appointed to manage has been rectified, the emergency manager shall inform the governor and the state treasurer.
(2) If the governor disagrees with the emergency manager's determination that the financial emergency has been rectified, the governor shall inform the emergency manager and the term of the emergency manager shall continue or the governor shall appoint a new emergency manager.
(3) Subject to subsection (4), if the governor agrees that the financial emergency has been rectified, the emergency manager has adopted a 2-year budget as required under section 21, and the financial conditions of the local government have been corrected in a sustainable fashion as required under section 9(7), the governor may do either of the following:
(a) Remove the local government from receivership.
(b) Appoint a receivership transition advisory board as provided in section 23.
(4) Before removing a local government from receivership, the governor may impose 1 or more of the following conditions on the local government:
(a) The implementation of financial best practices within the local government.
(b) The adoption of a model charter or model charter provisions.
(c) Pursue financial or managerial training to ensure that official responsibilities are properly discharged.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 141.1562
What does Michigan Compiled Laws § 141.1562 cover?
Section 141.1562 ("Determination that financial emergency rectified; actions by governor.") 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 § 141.1562?
A common citation format is "Michigan Compiled Laws § 141.1562" (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 § 141.1562 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.