Michigan § 390.1425 Michigan education trust; creation; exercise of powers, duties, and functions.

Michigan Statutes

§ 390.1425 — Michigan education trust; creation; exercise of powers, duties, and functions.

Michigan § 390.1425

Ch. 390UNIVERSITIES AND COLLEGES

Act 316 of 1986MICHIGAN EDUCATION TRUST ACT (390.1421-390.1443, 390.1444)

This text of Michigan § 390.1425 (Michigan education trust; creation; exercise of powers, duties, and functions.) 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 § 390.1425 (2026).

Text

MICHIGAN EDUCATION TRUST ACT (EXCERPT) Act 316 of 1986 390.1425 Michigan education trust; creation; exercise of powers, duties, and functions. Sec. 5.

(1)There is created a public body corporate and politic to be known as the Michigan education trust. The trust shall be within the department of treasury, but shall exercise its prescribed statutory powers, duties, and functions independently of the head of that department.

(2)The purposes, powers, and duties of the Michigan education trust are vested in and shall be exercised by a board of directors.

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MICHIGAN EDUCATION TRUST ACT (EXCERPT) Act 316 of 1986 390.1425 Michigan education trust; creation; exercise of powers, duties, and functions. Sec. 5. (1) There is created a public body corporate and politic to be known as the Michigan education trust. The trust shall be within the department of treasury, but shall exercise its prescribed statutory powers, duties, and functions independently of the head of that department. (2) The purposes, powers, and duties of the Michigan education trust are vested in and shall be exercised by a board of directors.