There Is a Newer Version
of
the Michigan Compiled Laws
2012 Michigan Compiled Laws
Chapter 38 — CIVIL SERVICE AND RETIREMENT
Act 314 of 1965 — PUBLIC EMPLOYEE RETIREMENT SYSTEM INVESTMENT ACT (38.1121 - 38.1141.added)***** 38.1132b.amended THIS AMENDED SECTION IS EFFECTIVE 91 DAYS AFTER ADJOURNMENT OF THE 2012 REGULAR SESSION SINE DIE ***** ***** 38.1132b THIS SECTION IS AMENDED EFFECTIVE 91 DAYS AFTER ADJOURNMENT OF THE 2012 REGULAR SESSION SINE DIE: See 38.1132b.amended *****
- Section 38.1121-38.1131 — Repealed. 1982, Act 55, Imd. Eff. Apr. 6, 1982.
- Section 38.1132 — Short title; meanings of words and phrases.
- Section 38.1132a — Definitions; A.
- Section 38.1132b — Definitions; D to F.
- Section 38.1132b.amended — Definitions; D to G.
- Section 38.1132c — Definitions; I.
- Section 38.1132c.amended — Definitions; I.
- Section 38.1132d — Definitions; N to P.
- Section 38.1132e — Definitions; S.
- Section 38.1132f — Definitions; V.
- Section 38.1133 — Investment authority; investment fiduciary; investing, reinvesting, holding in nominee form, and managing assets of system; powers and duties; costs; prohibited acts; exceptions; requirements; debt instrument issued by foreign country; list of expenses.
- Section 38.1133.amended — Investment authority; investment fiduciary; investing, reinvesting, holding in nominee form, and managing assets of system; powers and duties; costs; disclosure of fees or other compensation by investment service provider; "investment service provider" defined; prohibited acts; exceptions; requirements; debt instrument issued by foreign country.
- Section 38.1133a — MacBride principles defined; duties of investment fiduciary; effect of unlawful principle.
- Section 38.1133b, 38.1133c — Repealed. 1993, Act 214, Imd. Eff. Oct. 27, 1993.
- Section 38.1133c — Definitions; effort by fiduciary to identify scrutinized companies; assembly into scrutinized companies list; update and availability of list; procedures; report; effectiveness of section; exemption of fiduciary from conflicting statutory or common law obligations; liability; affirmative exclusion from federal sanctions; severability.
- Section 38.1133d — Definitions; scrutinized companies; identification by fiduciaries; assembling scrutinized companies list; update by fiduciary; procedure; report; effectiveness of section; conditions; liability of fiduciary; scrutinized company affirmatively excluded from federal sanctions; effect; severability.
- Section 38.1133e.added — Prohibited conduct by investment fiduciary, service provider, or covered associate of service provider; exceptions; definitions.
- Section 38.1133f.added — Breach of public trust by investment fiduciary or service provider; "service provider" defined.
- Section 38.1134 — Investment in stock.
- Section 38.1134.amended — Investment in stock or global security.
- Section 38.1135 — Investment in investment companies.
- Section 38.1135.amended — Investment in investment companies.
- Section 38.1136 — Investment in annuity investment contracts or participations in separate accounts of life insurance company; investment in general account of life insurer; requirements.
- Section 38.1137 — Other authorized investments; prohibited investments.
- Section 38.1137.amended — Other authorized investments; prohibited investments.
- Section 38.1138 — Investment in real estate or mortgages on certain leased real property.
- Section 38.1139 — Investment in real estate investment trust or real or personal property.
- Section 38.1139.amended — Investment in real estate investment trust or real or personal property.
- Section 38.1139a — State treasurer as investment fiduciary; investments in private equity; limitation.
- Section 38.1139a.amended — State treasurer as investment fiduciary; investments in private equity; limitation; investment fiduciary not state treasurer; limitation.
- Section 38.1140 — Investment in secured loans; real property not considered encumbered; investment in part of obligation or participation interest in loan or group of loans; investment in real estate loan; investment in loan or loans or certificate of participation secured by loan or loans made on single family residential property; investment in certificates representing interest in mortgages or group of mortgages; limitations and restrictions; investment in second mortgage; investment with variable interest rate.
- Section 38.1140a — Investment in debt, warrant, or equity interest in small business, small business investment company, or venture capital firm; creation of small business investment companies or venture capital firms to invest in small businesses; limitation.
- Section 38.1140b — Deposits by investment fiduciary.
- Section 38.1140c — Financial institution or management company retained as investment fiduciary; investment of system assets in collective investment fund, common trust fund, or pooled fund established and maintained by financial institution or management company; financial institution defined.
- Section 38.1140c.amended — Financial institution, trust company, or management company retained as investment fiduciary; investment of system assets in collective investment fund, common trust fund, or pooled fund established and maintained by financial institution or management company; financial institution defined.
- Section 38.1140d — Investments not qualified under act.
- Section 38.1140d.amended — Investments not qualified under act.
- Section 38.1140e — Loan of securities by investment fiduciary.
- Section 38.1140f — Transferring and holding securities.
- Section 38.1140g — Investment in securities exempt from taxes.
- Section 38.1140h — Applicable law; actuarial valuation; supplemental actuarial analysis; proposed pension benefit change defined.
- Section 38.1140h.amended — Applicable law; retention of financial records; "financial records" defined; disclosure of certain information; actuarial valuation; supplemental actuarial analysis; proposed pension benefit change defined; availability of summary annual report.
- Section 38.1140i — Repealed. 2000, Act 307, Imd. Eff. Oct. 16, 2000.
- Section 38.1140j — Investment in derivatives.
- Section 38.1140k — Investment in foreign securities.
- Section 38.1140k.amended — Investment in global securities; prohibited conduct.
- Section 38.1140l — Financial or proprietary information.
- Section 38.1140m — Employer contribution.
- Section 38.1140m.amended — Employer contribution.
- Section 38.1141.added — Removal of member of board or body.
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
