Michigan Compiled Laws
Article 3 - Licensing (487.1301...487.1317)
Section 487.1301 - Licensure; Eligibility.

Sec. 301.
A Michigan corporation or Michigan limited liability company may apply to the commissioner for a license under this act. A person that is not a Michigan corporation or Michigan limited liability company shall not apply for, and the commissioner shall not grant, a license under this act.
History: 1986, Act 89, Imd. Eff. May 1, 1986 ;-- Am. 1997, Act 150, Imd. Eff. Dec. 2, 1997 ;-- 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 3 - Licensing (487.1301...487.1317)

Section 487.1301 - Licensure; Eligibility.

Section 487.1303 - Review of Information; Approval of Application for License; Determinations; Net Worth; Findings; Grounds.

Section 487.1304 - Business Development Enterprise; Designation; Application; Criteria; Notification by Board of Michigan Strategic Fund.

Section 487.1304a - Reports.

Section 487.1305 - Application for Preliminary Approval of Application for License; Order; Conditions to Final Approval; Fee.

Section 487.1307 - Denial of Application; Written Statement of Explanation.

Section 487.1309 - License; Issuance; Posting; Nontransferable and Nonassignable.

Section 487.1311 - Prohibited Representations; Permissible Acts.

Section 487.1313 - Misrepresentation of License.

Section 487.1315 - Michigan Corporation or Limited Liability Company Licensed Under Another Law.

Section 487.1317 - Application to Commissioner to Accept Surrender of License; Approval; Notice to Owners and Creditors; Filing Objection; Sending Copy of Objection to Commissioner.