Michigan Compiled Laws
Article 2 - Regulation, Reporting, and Examination (487.1201...487.1217)
Section 487.1203 - Application; Form; Information; Business Plan.

Sec. 203.
(1) An applicant for a license under this act shall file an application with the commissioner. Subject to subsection (2), the commissioner shall establish the form of the application and the information the applicant must provide on or with the application form.
(2) For purposes of section 303, an application for a license under this act shall include a business plan. If the applicant is applying for a license as a business development enterprise, the business plan must include the objective of providing public benefit.
History: 1986, Act 89, Imd. Eff. May 1, 1986 ;-- Am. 2012, Act 358, Imd. Eff. Dec. 13, 2012

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 487 - Financial Institutions

Act 89 of 1986 - Michigan Bidco Act (487.1101 - 487.2001)

Article 2 - Regulation, Reporting, and Examination (487.1201...487.1217)

Section 487.1201 - Administration of Act; Orders; Rules; Imposition of Conditions; Applications for Declaratory Rulings; Judicial Review.

Section 487.1203 - Application; Form; Information; Business Plan.

Section 487.1205 - Investigations; Purposes; Oaths and Affirmations; Witnesses; Evidence; Documents or Records; Failure to Comply With Subpoena.

Section 487.1207 - Service of Process.

Section 487.1209 - Establishment of Annual Schedule of Fees; Payment; Action for Recovery of Fees or Penalties; Failure to Submit Report; Disposition.