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2018 Michigan Compiled Laws
Chapter 451 - Securities, Real Estate, and Debt Management
Act 148 of 1975 DEBT MANAGEMENT ACT (451.411 - 451.437)
Section 451.417 Applicability of examination provisions.
Universal Citation: MI Comp L § 451.417 (2018)
451.417 Applicability of examination provisions.
Sec. 7.
Except as provided in this act, the examination provisions of this act shall not apply to the existing officers, directors, partners, or individual owners of currently licensed debt management businesses unless any of those persons cease to be engaged in the debt management business with their currently licensed firm. To reenter the business at a subsequent time, a person shall satisfy the examination provisions of this act.
History: 1975, Act 148, Eff. Mar. 31, 1976
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