Michigan Compiled Laws
Article 7 - Enforcement (487.1701...487.1719)
Section 487.1711 - Disclosure to Owners.

Sec. 711.
If, in the opinion of the commissioner, disclosure to owners regarding a matter is warranted, the commissioner may require a licensee, in a form and manner as the commissioner may specify, to disclose to the owners of a licensee the results of a communication or order from the commissioner addressed to the licensee or to a subject person of the licensee.
History: 1986, Act 89, Imd. Eff. May 1, 1986 ;-- Am. 1997, Act 150, Imd. Eff. Dec. 2, 1997

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 487 - Financial Institutions

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

Article 7 - Enforcement (487.1701...487.1719)

Section 487.1701 - Action to Enjoin Violation or Enforce Compliance; Restraining Order, Preliminary or Permanent Injunction, or Writ of Mandamus; Appointment of Receiver or Conservator; Bond.

Section 487.1703 - Violation of MCL 487.1311; Cease and Desist Order; Filing Application for Hearing on Order; Rescission of Order; Judicial Review.

Section 487.1705 - Cease and Desist Order; Affirmative Action to Correct Condition; Application for Hearing on Order; Affirming, Modifying, or Rescinding Order; Judicial Review.

Section 487.1707 - Order Removing Subject Person From Office and Prohibiting Further Participation in Business of Licensee; Notice and Hearing; Determinations; Order Suspending Subject Person From Office and Prohibiting Further Participation in Busin...

Section 487.1709 - Crime Involving Dishonesty or Breach of Trust; Order Suspending Subject Person From Office and Prohibiting Further Participation in Business of Licensee; Application for Hearing on Order; Affirming, Modifying, or Rescinding Order;...

Section 487.1711 - Disclosure to Owners.

Section 487.1713 - Calling Meeting of Board of Directors of Licensee or of Owners of Licensee; Notice; Expenses.

Section 487.1715 - Order Directing Licensee to Refrain From Providing Additional Financing Assistance to Business Firms; Notice and Hearing; Determinations; Request for Hearing; Affirming, Modifying, or Rescinding Order; Resumption of Financing Assis...

Section 487.1717 - Appointment of Conservator for Licensee; Reimbursement of Expenses of Conservatorship; Powers and Duties of Conservator; Liquidation of Licensee; Appointment of Receiver; Determinations; Manner of Liquidation.

Section 487.1719 - Violation of Act; Amount and Disposition of Civil Penalty; Applicability of Section; Provisions Cumulative; Liability for Certain Violations.