Michigan § 38.553 - Retirement system funds; treasurer as custodian; bond; disbursement of funds; execution of voucher or warrant; authorization.
Full text of Michigan Michigan Compiled Laws § 38.553 — Retirement system funds; treasurer as custodian; bond; disbursement of funds; execution of voucher or warrant; authorization., with citation guidance and answers to common questions.
§ 38.553. Retirement system funds; treasurer as custodian; bond; disbursement of funds; execution of voucher or warrant; authorization.
The treasurer of the city, village, or municipality shall be the custodian of all funds of the retirement system and shall be required to give a good and sufficient bond to the retirement board for the faithful performance of his or her duties and the safekeeping of all money collected under this act. The bond shall be paid by the city, village, or municipality. The treasurer shall issue warrants for the disbursement of the funds of the retirement system upon the receipt of a voucher signed by at least 2 members of the retirement board other than the treasurer. The treasurer shall not execute a voucher or warrant unless the voucher or warrant has been previously authorized by resolution adopted by the board.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 38.553
What does Michigan Compiled Laws § 38.553 cover?
Section 38.553 ("Retirement system funds; treasurer as custodian; bond; disbursement of funds; execution of voucher or warrant; authorization.") 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 § 38.553?
A common citation format is "Michigan Compiled Laws § 38.553" (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 § 38.553 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.