Michigan § 38.56 - State treasurer; powers and duties.
Full text of Michigan Michigan Compiled Laws § 38.56 — State treasurer; powers and duties., with citation guidance and answers to common questions.
§ 38.56. State treasurer; powers and duties.
The state treasurer shall administer Tier 2 and shall invest the assets of Tier 2. The state treasurer is the fiduciary and trustee of Tier 2. The state treasurer may appoint an advisory board to assist the state treasurer in carrying out his or her duties as fiduciary and trustee.
The state treasurer shall determine the provisions and procedures of Tier 2 in conformity with this act and the internal revenue code.
The state treasurer has the exclusive authority and responsibility to employ or contract with personnel and for services that the state treasurer determines necessary for the proper administration of and investment of assets of Tier 2, including but not limited to managerial, professional, legal, clerical, technical, and administrative personnel or services.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 38.56
What does Michigan Compiled Laws § 38.56 cover?
Section 38.56 ("State treasurer; powers and duties.") 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 § 38.56?
A common citation format is "Michigan Compiled Laws § 38.56" (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 § 38.56 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.