MCL - Section 445.2585

PYRAMID PROMOTIONAL SCHEME ACT (EXCERPT)
Act 186 of 2018


445.2585 Rebuttable presumption.

Sec. 5.

    There is a rebuttable presumption that a plan or operation is not a pyramid promotional scheme if both of the following conditions are satisfied:
    (a) The plan or operation does not cause inventory loading.
    (b) The plan or operation implements an inventory repurchase program.


History: 2018, Act 186, Eff. Sept. 11, 2018