Michigan Compiled Laws 89-1986-4 Article 4 Corporate Matters (487.1401...487.1407)

• Section 487.1401 Name Of Licensee; Inclusion Of Word "Bidco."
  (1) Except as provided in subsection (2), the name of each licensee shall include the word "BIDCO". (2) A business development enterprise is not...
• Section 487.1403 Board Of Directors; Number Of Directors; Membership; Meetings.
  (1) A licensee shall have a board of directors. (2) The board of directors of a licensee that is not a business development enterprise...
• Section 487.1405 Death, Resignation, Or Removal Of Director, Officer, Or Manager; Election Of Director; Appointment Of Officer Or Manager; Notice To Commissioner; Additional Information.
  Within 30 days after the death, resignation, or removal of a director, officer, or manager, the election of a director, or the appointment of...
• Section 487.1407 Dividend And Distribution Policies; Buying Back Share Of Stock Or Membership Interest.
  (1) A licensee shall not pay, or obligate itself to pay, a cash dividend or distribution or dividend and distribution in kind to its...

Last modified: October 10, 2016