Michigan § 141.1603 - Definitions.
Full text of Michigan Michigan Compiled Laws § 141.1603 — Definitions., with citation guidance and answers to common questions.
§ 141.1603. Definitions.
As used in this act:
(a) "Authority" means the Michigan settlement administration authority created under section 4.
(b) "Board" means the board of directors of the authority.
(c) "Contribution agreement" means the contribution agreement in substantially the form included with the city of Detroit's plan for adjustment.
(d) "Countercyclical budget and economic stabilization fund" means the countercyclical budget and economic stabilization fund created in section 351 of the management and budget act, 1984 PA 431, MCL 18.1351.
(e) "Plan for adjustment" means the plan for the adjustment of debts of the city of Detroit approved and entered by the United States bankruptcy court for the eastern district of Michigan, southern division,
(f) "Retirement systems" means the police and fire retirement system of the city of Detroit and the general retirement system of the city of Detroit.
(g) "Settlement administration fund" or "fund" means the settlement administration fund created in section 7.
(h) "State treasurer" means the state treasurer of this state or his or her designee who is designated by a written instrument signed by the state treasurer and maintained in a permanent file and whose signature has the same force and effect as the signature of the state treasurer for all purposes under this act.
Frequently Asked Questions About Michigan § 141.1603
What does Michigan Compiled Laws § 141.1603 cover?
Section 141.1603 ("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 § 141.1603?
A common citation format is "Michigan Compiled Laws § 141.1603" (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 § 141.1603 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.