Sec. 5.
There is a rebuttable presumption that a plan or operation is not a pyramid promotional scheme if both of the following conditions are satisfied:
(a) The plan or operation does not cause inventory loading.
(b) The plan or operation implements an inventory repurchase program.
History: 2018, Act 186, Eff. Sept. 11, 2018
Structure Michigan Compiled Laws
Chapter 445 - Trade and Commerce
Act 186 of 2018 - Pyramid Promotional Scheme Act (445.2581 - 445.2586)
Section 445.2581 - Short Title.
Section 445.2582 - Definitions.
Section 445.2583 - Promotion or Participation in Pyramid Promotional Scheme; Prohibition; Penalties.