Michigan Compiled Laws
Act 89 of 1986 - Michigan Bidco Act (487.1101 - 487.2001)
Article 5 - Transaction of Business (487.1501...487.1513)

Section 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...

Section 487.1503 - Business of Licensee; Powers and Privileges of Licensee. - Sec. 503. (1) The business of a licensee shall be...

Section 487.1505 - Forms, Terms, and Conditions of Financing Assistance; Participation in Program of Small Business Administration; Compliance; Scope of Management Assistance; Purpose of Financing Assistance or Management Assistance; Exercise of Inci... - Sec. 505. (1) A licensee may determine the form and...

Section 487.1507 - Holding Control of Business Firm; Order Approving or Denying Application; “Hold Control” Defined; Plan for Acquiring and Holding Control of Business Firm; Demonstrating Necessity to Hold Control of Business Firm. - Sec. 507. (1) Either by itself or in concert with...

Section 487.1509 - Transacting Business in Safe and Sound Manner; Considering Risks; Authority of Commissioner Not Limited. - Sec. 509. (1) A licensee shall transact its business in...

Section 487.1511 - Definitions; Transactions Involving Potential Conflict of Interest; Authority of Commissioner to Determine Conflict of Interest Not Limited. - Sec. 511. (1) For purposes of this section: (a) "Associate"...

Section 487.1513 - Lien on or Security Interest in Property of Licensee. - Sec. 513. Except with the approval of the commissioner, a...