Michigan § 38.1073 - Election to terminate membership in Tier 1; crediting Tier 2 account; charging Tier 2 account for excess transfers.
Full text of Michigan Michigan Compiled Laws § 38.1073 — Election to terminate membership in Tier 1; crediting Tier 2 account; charging Tier 2 account for excess transfers., with citation guidance and answers to common questions.
§ 38.1073. Election to terminate membership in Tier 1; crediting Tier 2 account; charging Tier 2 account for excess transfers.
The state treasurer shall promptly credit the Tier 2 account of a qualified participant who makes an election under section 61 to terminate membership in Tier 1 with any amount transferred from Tier 1 pursuant to section 62.
Not later than 30 days after receipt of a recomputed amount under section 62(2) or (4), the state treasurer shall charge the qualified participant's Tier 2 account for any amount of excess transfers under section 62(1) or (3) and transfer that amount to the appropriate fund in Tier 1. The state treasurer may determine which investment choice or choices within a qualified participant's Tier 2 account will be used for this purpose.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 38.1073
What does Michigan Compiled Laws § 38.1073 cover?
Section 38.1073 ("Election to terminate membership in Tier 1; crediting Tier 2 account; charging Tier 2 account for excess transfers.") 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 § 38.1073?
A common citation format is "Michigan Compiled Laws § 38.1073" (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 § 38.1073 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.