Michigan Laws 206.985 – Management contract; term of years; termination
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 206.985
- Contract: A legal written agreement that becomes binding when signed.
- Management contract: means the contract executed between the treasurer and a program manager. See Michigan Laws 206.982
- Treasurer: means the state treasurer. See Michigan Laws 206.982
(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.