Michigan Compiled Laws § 206.985. New Management Contract; Term Of Years; Termination.

***** 206.985.new THIS NEW SECTION IS EFFECTIVE JANUARY 26, 2016 *****

206.985.new Management contract; term of years; termination.

Sec. 5.

(1) A management contract shall be for a term of years specified in the management contract.

(2) The treasurer may terminate a management contract based on the criteria specified in the management contract.

History: 2015, Act 160, Eff. Jan. 26, 2016

Section: Previous  206.981.new  206.982.new  206.983.new  206.984.new  206.985.new  206.986.new  206.987.new  206.988.new  206.989.new  206.990.new  206.991.new  206.992.new  206.993.new  206.994.new  206.995.new  Next

Last modified: October 10, 2016