328.231 Violations; penalties. Sec. 21. A violation of this act by a person who is licensed under article 18 of the occupational code, 1980 PA 299, MCL 339.1801 to 339.1812, or the cemetery regulation act, 1968 PA 251, MCL 456.521 to 456.543, is considered a violation of the respective licensing act, and the violator is […]
328.232 Conversion of funds as felony; violation as misdemeanor; penalties. Sec. 22. (1) A person who converts funds paid pursuant to a prepaid contract to his or her own use or benefit other than as authorized by this act or who fails to escrow or trust funds according to this act is guilty of a […]
328.233 Noncompliance with investment and depositing requirements; petition for appointment of receiver; notice; hearing; liquidation. Sec. 23. If the department determines that a registrant has not complied with the investment and depositing requirements of this act and that insufficient funds are available in trust or escrow accounts to meet the obligations of prepaid contracts, the […]
328.234 Action to force compliance; damages; orders. Sec. 24. The department or any other person, in order to force compliance with this act, may bring an action in a circuit court in any county in which the registrant or any other person has solicited or sold prepaid contracts, whether or not that person has purchased […]
328.235 Effective date. Sec. 25. This act shall take effect on July 1, 1987. History: 1986, Act 255, Eff. July 1, 1987 Compiler’s Notes: For transfer of powers and duties of certain occupational functions, boards, and commissions from the Department of Licensing and Regulation to the Department of Commerce, see E.R.O. No. 1991-9, compiled at […]
