Section 487.1819 – Violation of Article; Penalty; Applicability of Section; Power of State to Punish Not Limited by Act.
487.1819 Violation of article; penalty; applicability of section; power of state to punish not limited by act. Sec. 819. (1) A person who knowingly commits an act which act violates this article shall be fined not more than $10,000.00 or shall be imprisoned for not more than 1 year, or both. (2) This section does […]
Section 487.1901 – Liberal Construction.
487.1901 Liberal construction. Sec. 901. This act shall be liberally construed to accomplish its purposes. History: 1986, Act 89, Imd. Eff. May 1, 1986
Section 487.1903 – Proceedings Subject to Administrative Procedures Act; Exemptions.
487.1903 Proceedings subject to administrative procedures act; exemptions. Sec. 903. A proceeding to promulgate rules or a proceeding regarding civil penalties under section 719 shall be subject to the administrative procedures act of 1969, Act No. 306 of the Public Acts of 1969, being sections 24.201 to 24.328 of the Michigan Compiled Laws. Any other […]
Section 487.1905 – Applicability of Provisions of Licensee’s Incorporating or Organizing Statute.
487.1905 Applicability of provisions of licensee’s incorporating or organizing statute. Sec. 905. Except as otherwise provided in this section, the provisions of a licensee’s incorporating or organizing statute apply to the licensee. If a provision of the licensee’s incorporating or organizing statute conflicts with any provision of this act, this act controls. History: 1986, Act […]
Section 487.2001 – Repeal of MCL 487.851 to 487.867; Certain Statutory References Considered References to Bidco.
487.2001 Repeal of MCL 487.851 to 487.867; certain statutory references considered references to BIDCO. Sec. 1001. Act No. 117 of the Public Acts of 1963, being sections 487.851 to 487.867 of the Michigan Compiled Laws, is repealed. A reference in another law of this state to a business development corporation under Act No. 117 of […]
Section 487.1803 – Willful Untrue Statement or Omission of Material Fact in Application or Report.
487.1803 Willful untrue statement or omission of material fact in application or report. Sec. 803. A person shall not willfully make an untrue statement of a material fact in an application or report filed with the commissioner under this act, or willfully omit to state in such an application or report a material fact required […]
Section 487.1805 – Willful Refusal to Allow Inspection or Making Copies of Books, Accounts, and Other Records.
487.1805 Willful refusal to allow inspection or making copies of books, accounts, and other records. Sec. 805. A person having custody of any of the books, accounts, or other records of a licensee shall not willfully refuse to allow the commissioner, upon request, to inspect or make copies of any of those books, accounts, or […]
Section 487.1807 – Books, Accounts, or Other Records; False Entries; Omission of Required Entry; Alteration, Concealment, or Destruction.
487.1807 Books, accounts, or other records; false entries; omission of required entry; alteration, concealment, or destruction. Sec. 807. A person shall not, with intent to deceive a director, officer, manager, employee, auditor, or attorney of a licensee, the commissioner, or a governmental agency, make a false entry in the books, accounts, or other records of […]
Section 487.1809 – Financing Assistance to Associate of Licensee.
487.1809 Financing assistance to associate of licensee. Sec. 809. A licensee shall not provide, directly or indirectly, financing assistance to an associate of the licensee. History: 1986, Act 89, Imd. Eff. May 1, 1986
Section 487.1811 – Financing Assistance to Discharge Obligation to Associate of Licensee; Transactions to Which Section Inapplicable.
487.1811 Financing assistance to discharge obligation to associate of licensee; transactions to which section inapplicable. Sec. 811. A licensee shall not provide, directly or indirectly, financing assistance to discharge, or to free other money for use in discharging, in whole or in part, an obligation to an associate of that licensee. This section does not […]