Michigan Compiled Laws 89-1986-2 Article 2 Regulation, Reporting, And Examination (487.1201...487.1217)

• Section 487.1201 Administration Of Act; Orders; Rules; Imposition Of Conditions; Applications For Declaratory Rulings; Judicial Review.
  (1) The commissioner shall administer this act. The commissioner may issue orders and promulgate rules that, in the opinion of the commissioner, are necessary...
• Section 487.1203 Application; Form; Information; Business Plan.
  (1) An applicant for a license under this act shall file an application with the commissioner. Subject to subsection (2), the commissioner shall establish...
• Section 487.1205 Investigations; Purposes; Oaths And Affirmations; Witnesses; Evidence; Documents Or Records; Failure To Comply With Subpoena.
  (1) The commissioner may make public or private investigations within or outside this state that the commissioner considers necessary to determine whether to approve...
• Section 487.1207 Service Of Process.
  Service of process authorized to be made by the commissioner in connection with a noncriminal proceeding under this act may be made by registered...
• Section 487.1209 Establishment Of Annual Schedule Of Fees; Payment; Action For Recovery Of Fees Or Penalties; Failure To Submit Report; Disposition.
  (1) The commissioner shall establish annually a schedule of fees sufficient to pay for the bureau's costs of enforcing this act. The fees shall...
• Section 487.1211 Books, Accounts, And Other Records Of Licensee; Location And Preservation; Valuation Of Assets; Audit Report.
  (1) A licensee shall make and keep books, accounts, and other records in a form and manner as the commissioner may require. These records...
• Section 487.1213 Making Or Keeping Of Books, Accounts, Or Other Records By Person Other Than Licensee; Applicability Of Act; Approval Of Commissioner.
  (1) If a person other than a licensee makes or keeps the books, accounts, or other records of that licensee, this act applies to...
• Section 487.1215 Filing Reports With Commissioner; Form; Contents.
  Each licensee, each affiliate of a licensee, and each subsidiary of a licensee shall file with the commissioner such reports as and when the...
• Section 487.1216 Publication And Distribution Of Information On Impact Of Act.
  (1) The commissioner shall publish annually and provide to the house committee on economic development and energy and senate committee on economic development, trade...
• Section 487.1217 Examination Of Licensee Or Subsidiary Of Licensee; Exhibiting Books, Accounts, And Other Records; Facilitating Examination; Retention Of Person To Assist Commissioner.
  (1) The commissioner shall examine each licensee not less than once each calendar year. (2) The commissioner may at any time examine a licensee...

Last modified: October 10, 2016