Sec. 9g.
A control person who is subject to an order issued under section 9c and who meets all of the following requirements is not in violation of the order:
(a) The control person shall not in any manner, directly or indirectly, participate in the control of a licensee after the date the order is issued.
(b) The control person shall within 6 months after the date the order is final transfer any interest the control person owns in a licensee to an unrelated third party.
History: Add. 2002, Act 393, Imd. Eff. May 30, 2002
Last modified: October 10, 2016