Mich. Admin. Code R. 390.1821 – Contract purchaser or beneficiary prohibited from directing investment of contributions. | Midpage
Rule 390.1821
Mich. Admin. Code R. 390.1821
Contract purchaser or beneficiary prohibited from directing investment of contributions.
(By authority conferred on the board of directors of the Michigan education trust by section 11 of 1986 PA 316, MCL 390.1431).Student Financial Services Board
A purchaser or beneficiary of a contract may not direct the investment of any contributions to the Michigan education trust or any earnings on the trust.