Sec. 3b.
(1) In addition to the unfair, unconscionable, or deceptive methods, acts, or practices in the conduct of trade or commerce defined in section 3, it is unlawful for the seller of a business opportunity to fail to file a notice with the attorney general on or before the first sale of a business opportunity in this state if the purchaser pays more than $500.00 in total for the business opportunity from anytime before the date of sale to anytime within 6 months after the date of sale. The form of the notice shall be prescribed by the attorney general. The attorney general shall not require the seller to file more than the following information:
(a) The name of the seller.
(b) The name under which the seller intends to do business.
(c) The seller's principal business address.
(d) If the seller is not domiciled in Michigan, a consent to service of process.
(2) The seller shall immediately notify the attorney general of a change in the information contained in the notice.
(3) A reference to section 3 in this act shall be considered to include a reference to this section.
History: Add. 1984, Act 91, Imd. Eff. Apr. 20, 1984
Structure Michigan Compiled Laws
Chapter 445 - Trade and Commerce
Act 331 of 1976 - Michigan Consumer Protection Act (445.901 - 445.922)
Section 445.901 - Short Title.
Section 445.902 - Definitions.
Section 445.903a - Home Appliance; Contents of Service Contract.
Section 445.903e - Issuance of Gift Certificate; Prohibited Conduct; Definitions.
Section 445.903g - Expiration of Gift Certificate; Limitation.
Section 445.903i - Ownership or Operation of Clothing Donation Box; Definitions.
Section 445.903m - Online State Services by Unaffiliated Third Party; Requirements.
Section 445.903n - Definitions for MCL 445.903o.
Section 445.904 - Exemptions; Burden of Proof.
Section 445.906 - Assurance of Discontinuance of Method, Act, or Practice.
Section 445.907 - Subpoena; Notice; Confidentiality; Penalty.
Section 445.909a - List of Consumer Complaints.
Section 445.913 - Filing Fees for Commencing Action or Filing Voluntary Assurance.
Section 445.914 - Investigation by Law Enforcement Officer.
Section 445.915 - Investigation and Prosecution by Prosecuting Attorney.
Section 445.917 - Investigation of Financial Institutions; Subpoena; Report.
Section 445.918 - Investigation of Public Utilities; Subpoena; Report.
Section 445.919 - Investigation of Certain Persons by Cemetery Commission; Subpoena; Report.
Section 445.921 - Investigation of Certain Persons by Commissioner of Insurance; Subpoena; Report.