Michigan § 38.375 - Separation of employees from Detroit school retirement system; payments required; transfer of securities.
Full text of Michigan Michigan Compiled Laws § 38.375 — Separation of employees from Detroit school retirement system; payments required; transfer of securities., with citation guidance and answers to common questions.
§ 38.375. Separation of employees from Detroit school retirement system; payments required; transfer of securities.
The payments required by the determination provided for in section 4 shall be made on or before December 31, 1958. Should this determination require a payment by the retirement commission to the board of governors, the retirement commission may transfer in lieu of cash securities held by it. The securities shall not have defaulted with respect to principal and interest payments and shall have an average yield and maturity equal to the average yield and maturity of all assets of the retirement system for the fiscal year ended June 30, 1956.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 38.375
What does Michigan Compiled Laws § 38.375 cover?
Section 38.375 ("Separation of employees from Detroit school retirement system; payments required; transfer of securities.") 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 § 38.375?
A common citation format is "Michigan Compiled Laws § 38.375" (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 § 38.375 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.