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§ 38.1056 — Michigan Law | CourtGPT
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  2. Laws/
  3. Michigan/
  4. Chapter 38 - Civil Service and Retirementact 240 of 1943 - State Employees' Retirement Act (38.1 - 38.69)/
  5. Statute Act 261 of 1957/
  6. § 38.1056
Michigan Legal Code

§ 38.1056

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38.1056 Undivided interest in assets of system. Sec. 56. The assets of the system shall be invested as one fund, and no particular person, group of persons or entity shall have any right in any specific security or property, or in any item of cash other than an undivided interest in the whole as specified in the provisions of this act as it now exists or is subsequently amended. History: 1957, Act 261, Eff. Sept. 27, 1957