Mich. Comp. Laws § 500.7032: Compensation of trustee, officer, or employee.
Where this section sits in the code
- MI Code
- Chapter 500
- 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