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2017 Michigan Compiled Laws
Chapter 445 - Trade and Commerce
Act 269 of 1974 FRANCHISE INVESTMENT LAW (445.1501 - 445.1546)
AN ACT to regulate the offer, sale, and purchase of franchises; to prohibit fraudulent practices in relation thereto; to prohibit pyramid and chain promotions; to impose regulatory duties upon certain state departments and agencies; and to provide penalties.
History: 1974, Act 269, Eff. Oct. 15, 1974 ;-- Am. 1984, Act 92, Eff. June 20, 1984
- Section 445.1501 Short title; construction.
- Section 445.1502 Definitions.
- Section 445.1503 Additional definitions; burden of proof.
- Section 445.1504 Arrangements between franchisor and franchisee to which act applicable; making offer or sale of franchise in state; accepting offer to sell in state; communication of acceptance.
- Section 445.1504a Applicability of act.
- Section 445.1504b Franchisee as sole employer.
- Section 445.1505 Prohibited conduct in connection with offer, sale, or purchase of franchise.
- Section 445.1505a Franchise opportunities handbook.
- Section 445.1506 Exemption of offer and sale of franchise from MCL 445.1507a and 445.1508; circumstances; compliance with MCL 445.1508.
- Section 445.1507 Repealed. 1984, Act 92, Eff. June 20, 1984.
- Section 445.1507a Notice required prior to offering for sale or selling franchise; fee; form and contents of notice; indorsement, return, and duration of notice; effect of compliance; penalty for failure to file notice; duty of franchisor with effective registration or exemption from registration; validity and enforceability of franchise documents; written notice of filing date and penalties; failure to notify franchisor.
- Section 445.1508 Prospective franchisee to be provided copy of disclosure statement, notice, and proposed agreements; form and contents of disclosure statement; location and contents of notice.
- Section 445.1509-445.1511 Repealed. 1984, Act 92, Eff. June 20, 1984.
- Section 445.1512 Escrow of initial investment and other funds; time; surety bond; financial institution as escrow agent; release of escrowed funds; affidavit.
- Section 445.1513 Conditions prohibiting offering for sale or selling franchise.
- Section 445.1514-445.1518 Repealed. 1984, Act 92, Eff. June 20, 1984.
- Section 445.1519 Filing change in information contained in notice.
- Section 445.1520 Accounts of franchise sales; reports; examination of records.
- Section 445.1521 Certain facts not to constitute finding or approval; representation inconsistent with section prohibited.
- Section 445.1522 Service of process.
- Section 445.1523 Untrue statement, omission, or failure to give notice of change.
- Section 445.1524 Filing of advertisement or sales literature; exemption from liability.
- Section 445.1525 Publication of false or misleading advertisement prohibited.
- Section 445.1526 Repealed. 1984, Act 92, Eff. June 20, 1984.
- Section 445.1527 Void and unenforceable provisions.
- Section 445.1528 Pyramid or chain promotion or distribution.
- Section 445.1529, 445.1530 Repealed. 1984, Act 92, Eff. June 20, 1984.
- Section 445.1531 Liability for damages or rescission; basis of damages.
- Section 445.1532 Joint and several liability.
- Section 445.1533 Statute of limitations.
- Section 445.1534 Civil liability; liability under other statute or common law.
- Section 445.1535 Action by department for injunction, restitution, or compliance; restraining order; writ of mandamus; appointment of receiver or conservator; bond not required; costs; notice of action; opportunity to cease and desist or to confer with department; presumption of immediate and irreparable harm.
- Section 445.1536 Investigations; statements under oath; administration of oaths and affirmations; subpoena; evidence; order requiring appearance; self-incrimination; perjury; contempt.
- Section 445.1537 Repealed. 1984, Act 92, Eff. June 20, 1984.
- Section 445.1538 Violation; penalty; punishing crime under other statute.
- Section 445.1539 Prohibited conduct equivalent to appointment of corporations and securities bureau as attorney for service of process; procedure for service of process.
- Section 445.1540 Collection and disposition of fees and fines; detailed statement; fee for filing notice under MCL 445.1507a.
- Section 445.1541 Rules.
- Section 445.1542 Documents subject to MCL 15.231 to 15.246; publication of information; disclosure of information withheld from public inspection; evidence sought under subpoena.
- Section 445.1543-445.1545 Repealed. 1984, Act 92, Eff. June 20, 1984.
- Section 445.1546 Prior acts, offenses, rights, liabilities, penalties, forfeiture, or punishments not impaired or affected; transfer of records, personnel, and funds.
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