Search Results

Printer Friendly
Document Type(s): MCLs
Public Act Number: 150
Public Act Year: 1997
(30 results found)
Please note: on small devices, or if your browser window is not maximized, you may need to scroll horizontally to see the entire table
Document Type Description
Section 487.1102 Section Purposes of act.
Section 487.1104 Section Definitions; A to C.
Section 487.1105 Section Definitions; I to M.
Section 487.1106 Section Definitions; O to T.
Section 487.1211 Section Books, accounts, and other records of licensee; location and preservation; valuation of assets; audit report.
Section 487.1217 Section Examination of licensee or subsidiary of licensee; exhibiting books, accounts, and other records; facilitating examination; retention of person to assist commissioner.
Section 487.1301 Section Licensure; eligibility.
Section 487.1303 Section Review of information; approval of application for license; determinations; net worth; findings; grounds.
Section 487.1305 Section Application for preliminary approval of application for license; order; conditions to final approval; fee.
Section 487.1311 Section Prohibited representations; permissible acts.
Section 487.1315 Section Michigan corporation or limited liability company licensed under another law.
Section 487.1317 Section Application to commissioner to accept surrender of license; approval; notice to owners and creditors; filing objection; sending copy of objection to commissioner.
Section 487.1401 Section Name of licensee; inclusion of word "BIDCO."
Section 487.1403 Section Board of directors; number of directors; membership; meetings.
Section 487.1405 Section Death, resignation, or removal of director, officer, or manager; election of director; appointment of officer or manager; notice to commissioner; additional information.
Section 487.1407 Section Dividend and distribution policies; buying back share of stock or membership interest.
Section 487.1503 Section Business of licensee; powers and privileges of licensee.
Section 487.1505 Section Forms, terms, and conditions of financing assistance; participation in program of small business administration; compliance; scope of management assistance; purpose of financing assistance or management assistance; exercise of incidental powers; extension of credit; interest; violation as felony; penalty; “interest” defined.
Section 487.1507 Section Holding control of business firm; order approving or denying application; “hold control” defined; plan for acquiring and holding control of business firm; demonstrating necessity to hold control of business firm.
Section 487.1509 Section Transacting business in safe and sound manner; considering risks; authority of commissioner not limited.
Section 487.1511 Section Definitions; transactions involving potential conflict of interest; authority of commissioner to determine conflict of interest not limited.
Section 487.1601 Section Acquiring control of licensee; application for approval; determinations by commissioner.
Section 487.1603 Section Merger of licensee with another business firm; conditions; purchase by licensee of business of another person; sale of business; application for approval of merger, purchase, or sale; determinations.
Section 487.1709 Section Crime involving dishonesty or breach of trust; order suspending subject person from office and prohibiting further participation in business of licensee; application for hearing on order; affirming, modifying, or rescinding order; judicial review; conviction not required; “office” defined.
Section 487.1711 Section Disclosure to owners.
Section 487.1713 Section Calling meeting of board of directors of licensee or of owners of licensee; notice; expenses.
Section 487.1801 Section Definitions.
Section 487.1807 Section Books, accounts, or other records; false entries; omission of required entry; alteration, concealment, or destruction.
Section 487.1813 Section Financing assistance to business firm to which associate of licensee provides financing assistance; applicability of section.
Section 487.1905 Section Applicability of provisions of licensee's incorporating or organizing statute.