Michigan Compiled Laws § 487.1501 Offices Of Licensee; Number; Location; Posting Sign Bearing Corporate Name; Personnel; Establishing, Relocating, Or Closing Office.


487.1501 Offices of licensee; number; location; posting sign bearing corporate name; personnel; establishing, relocating, or closing office.

Sec. 501.

(1) A licensee shall maintain not less than 1 office in this state.

(2) A licensee shall not maintain an office at any place outside this state.

(3) Each office of a licensee shall be located in a place which is reasonably accessible to the public.

(4) A licensee shall post in a conspicuous place at each of its offices a sign which bears the corporate name of the licensee.

(5) A licensee shall maintain at each of its offices personnel who are competent to conduct the business of such an office.

(6) Upon written notice to the commissioner, a licensee may establish, relocate, or close an office.


History: 1986, Act 89, Imd. Eff. May 1, 1986


Section: 487.1501  487.1503  487.1505  487.1507  487.1509  487.1511  487.1513    Next

Last modified: October 10, 2016