Repealed – Act 179 of 1976 – Take-Over Offers (451.901 – 451.917)
TAKE-OVER OFFERSAct 179 of 1976451.901-451.917 Repealed. 1988, Act 58, Eff. Apr. 1, 1988.
Section 451.433 – Cease and Desist Order; Statement; Misdemeanor; Powers of Department; Court Order; Self-Incrimination; Injunction or Restraining Order; Criminal Proceedings.
451.433 Cease and desist order; statement; misdemeanor; powers of department; court order; self-incrimination; injunction or restraining order; criminal proceedings. Sec. 23. (1) When it appears to the department, either upon complaint or otherwise, that this act, or a rule promulgated under this act, has or is about to be violated, it may, in its discretion, […]
Section 451.434 – Violations; Penalties; Jurisdiction; Remedies.
451.434 Violations; penalties; jurisdiction; remedies. Sec. 24. (1) A licensee who violates a provision of this act is guilty of a felony and shall be fined not more than $5,000.00, or imprisoned not more than 2 years, or both. (2) A person who violates an injunction or a cease and desist order issued pursuant to […]
Section 451.435 – Statute of Limitations.
451.435 Statute of limitations. Sec. 25. An action brought pursuant to this act shall be commenced within 6 years after the cause of action accrues, except that chapter 58 of Act No. 236 of the Public Acts of 1961, as amended, being sections 600.5801 to 600.5869 of the Michigan Compiled Laws, shall apply wherever possible. […]
Section 451.436 – Disposition of Fees.
451.436 Disposition of fees. Sec. 26. The fees collected under this act shall be paid promptly into the state treasury to the credit of the department. History: 1975, Act 148, Eff. Mar. 31, 1976 ;– Am. 2014, Act 362, Eff. Mar. 16, 2015 Compiler’s Notes: For transfer of statutory authority, powers, duties, and functions of […]
Section 451.437 – Repeal of MCL 451.451 to 451.468.
451.437 Repeal of MCL 451.451 to 451.468. Sec. 27. Act No. 135 of the Public Acts of 1961, being sections 451.451 to 451.468 of the Compiled Laws of 1970, is repealed. History: 1975, Act 148, Eff. Mar. 31, 1976 Compiler’s Notes: For transfer of statutory authority, powers, duties, and functions of the corporations, securities and […]
Section 451.921 – Short Title.
451.921 Short title. Sec. 1. This act shall be known and may be cited as the “uniform prudent management of institutional funds act”. History: 2009, Act 87, Imd. Eff. Sept. 10, 2009
Repealed – Act 135 of 1961 – Debt Management Business (451.451 – 451.468)
DEBT MANAGEMENT BUSINESSAct 135 of 1961451.451-451.468 Repealed. 1975, Act 148, Eff. Mar. 31, 1976.
Repealed – Act 433 of 1996 – Security Registered in Beneficiary Form (451.471 – 451.481)
SECURITY REGISTERED IN BENEFICIARY FORMAct 433 of 1996451.471-451.481 Repealed. 1998, Act 386, Eff. Apr. 1, 2000.
Section 451.426 – Duties of Licensee.
451.426 Duties of licensee. Sec. 16. (1) A licensee shall do all of the following: (a) Create and maintain records of the accounts, contracts, correspondence, memoranda, papers, books, and other records of the debt management business. If the licensee elects not to retain original records, the licensee may utilize electronic, photocopy, or computerized methods of […]