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Michigan · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Mich. Comp. Laws § 500.7032: Compensation of trustee, officer, or employee.

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Where this section sits in the code
  1. MI Code
  2. Chapter 500
  3. Act Act-218-of-1956

Sec. 7032.

A MEWA shall not pay any salary, compensation, or emolument to any officer or trustee of the MEWA, unless the payment is first authorized by a majority vote of the board of trustees of the MEWA.

A trustee, officer, or employee of a MEWA shall not be compensated unreasonably. The compensation of any trustee or officer of a MEWA shall not be calculated, directly or indirectly, as a percentage of money or premiums collected, without the approval of the commissioner.

Collected 2026-09-14T18:32:31Z. Source file · JSON

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