Mich. Comp. Laws § 487.13910: Definitions; person acting in best interests of bank or shareholders.

Sec. 3910.

For the purposes of sections 3904, 3905, 3906, 3907, 3908, and 3909:

"Fines" includes any excise taxes assessed on a person with respect to an employee benefit plan.

"Other enterprise" includes employee benefit plans.

"Serving at the request of the bank" includes any service as a director, officer, employee, or agent of the bank that imposes duties on, or involves services by, the director, officer, employee, or agent with respect to an employee benefit plan, its participants, or its beneficiaries.

A person who acted in good faith and in a manner he or she reasonably believed to be in the interest of the participants and beneficiaries of an employee benefit plan shall be considered to have acted in a manner not opposed to the best interests of the bank or its shareholders as referred to in section 3904.