Michigan § 38.1212 - Definitions.
Full text of Michigan Michigan Compiled Laws § 38.1212 — Definitions., with citation guidance and answers to common questions.
§ 38.1212. Definitions.
As used in this act:
(a) "Bankruptcy trust" means a trust created by a court order, including a plan for adjustment.
(b) "Bankruptcy trust beneficiary" means an individual who is eligible to receive health care benefits under a bankruptcy trust.
(c) "Board of trustees" or "board" means the governing board of a bankruptcy trust.
(d) "Fund" means a public employee health care fund created under this act or a court order, including a plan for adjustment, and used for the accumulation and investment of funds for the purpose of funding health care for retired employees of the public corporation.
(e) "Investment fiduciary" means a person who does any of the following:
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(f) "Plan for adjustment" means a plan for the adjustment of debts entered and approved by a federal bankruptcy court for a public corporation.
(g) "Public corporation" means a county, city, village, township, authority, district, board, or commission in this state.
(h) "Qualified person" means an individual who is eligible to receive health care benefits and who is designated as a qualified person by the public corporation.
(i) "Trust" means a trust created under the authority of a state or federal law for the purpose of funding retiree health care benefits.
Frequently Asked Questions About Michigan § 38.1212
What does Michigan Compiled Laws § 38.1212 cover?
Section 38.1212 ("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 § 38.1212?
A common citation format is "Michigan Compiled Laws § 38.1212" (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 § 38.1212 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.