Michigan § 38.1132e Definitions; S.

Michigan Statutes

§ 38.1132e — Definitions; S.

Michigan § 38.1132e

Ch. 38CIVIL SERVICE AND RETIREMENT

Act 314 of 1965PUBLIC EMPLOYEE RETIREMENT SYSTEM INVESTMENT ACT (38.1121-38.1141)

This text of Michigan § 38.1132e (Definitions; S.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 38.1132e (2026).

Text

PUBLIC EMPLOYEE RETIREMENT SYSTEM INVESTMENT ACT (EXCERPT) Act 314 of 1965 38.1132e Definitions; S. Sec. 12e.

(1)"Small business" means a corporation, partnership, sole proprietorship, or other entity which does not meet the specific requirements of investments permitted under this act.

(2)"Small business investment company" means an incorporated body or a limited partnership under section 301 of title III of the small business investment act of 1958, Public Law 85-699, 15 U.S.C. 681.

(3)"Soft dollar" means brokerage commissions that are used by the system to purchase goods or services.

(4)"Stock" means capital stock, common stock, preferred stock, American depository receipts, or any other evidence of residual ownership of a corporation.

(5)"System" means a public employee retirement

Free access — add to your briefcase to read the full text and ask questions with AI

PUBLIC EMPLOYEE RETIREMENT SYSTEM INVESTMENT ACT (EXCERPT) Act 314 of 1965 38.1132e Definitions; S. Sec. 12e. (1) "Small business" means a corporation, partnership, sole proprietorship, or other entity which does not meet the specific requirements of investments permitted under this act. (2) "Small business investment company" means an incorporated body or a limited partnership under section 301 of title III of the small business investment act of 1958, Public Law 85-699, 15 U.S.C. 681. (3) "Soft dollar" means brokerage commissions that are used by the system to purchase goods or services. (4) "Stock" means capital stock, common stock, preferred stock, American depository receipts, or any other evidence of residual ownership of a corporation. (5) "System" means a public employee retirement system created and established by this state or any political subdivision of this state.