Michigan Compiled Laws 89-1986-3 Article 3 Licensing (487.1301...487.1317)

• Section 487.1301 Licensure; Eligibility.
  A Michigan corporation or Michigan limited liability company may apply to the commissioner for a license under this act. A person that is not...
• Section 487.1303 Review Of Information; Approval Of Application For License; Determinations; Net Worth; Findings; Grounds.
  (1) After a review of information regarding the directors, officers, managers, and controlling persons of the applicant, a review of the applicant's business plan,...
• Section 487.1304 Business Development Enterprise; Designation; Application; Criteria; Notification By Board Of Michigan Strategic Fund.
  (1) Beginning January 1, 2012, the board of the Michigan strategic fund may designate a Michigan corporation or Michigan limited liability company as a...
• Section 487.1304a Reports.
  (1) A business development enterprise shall report to the Michigan strategic fund at least annually the following information for each business it supported, by...
• Section 487.1305 Application For Preliminary Approval Of Application For License; Order; Conditions To Final Approval; Fee.
  (1) A person may apply to the commissioner for preliminary approval of an application for a license. Notwithstanding that commitments to invest in the...
• Section 487.1307 Denial Of Application; Written Statement Of Explanation.
  If the commissioner denies an application under sections 301 to 305, the commissioner shall provide the applicant with a written statement explaining the basis...
• Section 487.1309 License; Issuance; Posting; Nontransferable And Nonassignable.
  If an application for a license is approved and all conditions precedent to the issuance of that license are fulfilled, the commissioner shall issue...
• Section 487.1311 Prohibited Representations; Permissible Acts.
  (1) Except as otherwise provided in subsection (2), a person transacting business in this state, other than a licensee, shall not use a name...
• Section 487.1313 Misrepresentation Of License.
  A licensee shall not misrepresent the meaning or effect of its license. History: 1986, Act 89, Imd. Eff. May 1, 1986
• Section 487.1315 Michigan Corporation Or Limited Liability Company Licensed Under Another Law.
  (1) A Michigan corporation or Michigan limited liability company that is licensed under another law of this state or the United States may be...
• Section 487.1317 Application To Commissioner To Accept Surrender Of License; Approval; Notice To Owners And Creditors; Filing Objection; Sending Copy Of Objection To Commissioner.
  (1) Upon approval of a 2/3 vote of its board of directors and after complying with subsection (2), a Michigan corporation licensee may apply...

Last modified: October 10, 2016