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Statutes > Michigan Statutes > Chapter 487 - FINANCIAL INSTITUTIONS > Act 89 of 1986 - MICHIGAN BIDCO ACT (487.1101 - 487.2001) > 89-1986-5 - ARTICLE 5 TRANSACTION OF BUSINESS (487.1501...487.1513)

89-1986-5 - ARTICLE 5 TRANSACTION OF BUSINESS (487.1501...487.1513)

  • Section 487.1501 - Offices of licensee; number; location; posting sign bearing corporate name; personnel; establishing, relocating, or closing office.
  • Section 487.1503 - Business of licensee; powers and privileges of licensee.
  • Section 487.1505 - Forms, terms, and conditions of financing assistance; participation in program of small business administration; compliance; scope of management assistance; purpose of financing ass
  • Section 487.1507 - Holding control of business firm; order approving or denying application; “hold control” defined; plan for acquiring and holding control of business firm; demonstrating necessity to
  • Section 487.1509 - Transacting business in safe and sound manner; considering risks; authority of commissioner not limited.
  • Section 487.1511 - Definitions; transactions involving potential conflict of interest; authority of commissioner to determine conflict of interest not limited.
  • Section 487.1513 - Lien on or security interest in property of licensee.




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