Sec. 309.
If an application for a license is approved and all conditions precedent to the issuance of that license are fulfilled, the commissioner shall issue a license to the applicant. A licensee shall post the license in a conspicuous place in the licensee's principal office. A license is not transferable or assignable.
History: 1986, Act 89, Imd. Eff. May 1, 1986
Structure 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 487.1307 - 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.