2006 Michigan Compiled Laws - 89-1986-3

MICHIGAN BIDCO ACT (EXCERPT)
Act 89 of 1986
Article 3
LICENSING

DocumentDescription
Section 487.1301Application for licensure for BIDCO.
Section 487.1303Review of information; approval of application for license; determinations; minimum net worth; findings; grounds.
Section 487.1305Application for preliminary approval of application for license; order; conditions to final approval; fee.
Section 487.1307Denial of application; written statement of explanation.
Section 487.1309License; issuance; posting; nontransferable and nonassignable.
Section 487.1311Prohibited representations; permissible acts.
Section 487.1313Misrepresentation of license.
Section 487.1315Michigan corporation or limited liability company licensed under another law.
Section 487.1317Application to commissioner to accept surrender of license; approval; notice to owners and creditors; filing objection; sending copy of objection to commissioner.

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