Michigan Compiled Laws

Mich. Comp. Laws § 38.1132a (2026)

Definitions; A.

✓ current as of July 2026

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PUBLIC EMPLOYEE RETIREMENT SYSTEM INVESTMENT ACT

Act 314 of 1965

38.1132a Definitions; A.

Sec. 12a.

"Assets", for the purpose of meeting asset limitations contained in this act, means the total of the cash and investments of a system valued at market.

History: Add. 1996, Act 485, Imd. Eff. Dec. 27, 1996

Notes of Decisions

Cited in 1 case, 2013–2013 · leading case: Wayne Cnty. Employees Ret. Sys. v. Wayne Cnty., 301 Mich. App. 1 (Mich. Ct. App. 2013).

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Wayne Cnty. Employees Ret. Sys. v. Wayne Cnty., 301 Mich. App. 1 (Mich. Ct. App. 2013). · cites it 2× “With respect to whether particular assets are included in “assets of the system,” MCL 38.1132a provides that the term “ ‘[a]ssets,’ for the purpose of meeting asset limitations contained in .”

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