Michigan Laws 487.2103 – Establishment of criteria and distribution system for participation by financial institution
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Terms Used In Michigan Laws 487.2103
- Department: means the department of treasury. See Michigan Laws 487.2101
- Financial institution: means a state or nationally chartered bank, a state or federally chartered savings and loan association or savings bank, or a state or federally chartered credit union. See Michigan Laws 487.2101
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
The department and the department of management and budget shall establish criteria and the distribution system by which a financial institution may participate in a state payroll deduction program.