Section 450.1571 - DefinitionsFor the purposes of sections 561 to 567:
(a) "Fines" shall include any excise taxes assessed on a person with respect to an employee benefit plan.(b) "Other enterprises" shall include employee benefit plans.(c) "Serving at the request of the corporation" shall include any service as a director, officer, employee, or agent of the corporation which 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.(d) 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 corporation or its shareholders" as referred to in sections 561 and 562.Add. 1982, Act 407, eff. 1/1/1983 ;--Am. 1989, Act 121, eff. 10/1/1989 ;--Am. 1993, Act 91, eff. 10/1/1993 .