Act

Franchise investment law

Mich. Comp. Laws § 445.1501— Short title; construction
Mich. Comp. Laws § 445.1502— Definitions
Mich. Comp. Laws § 445.1503— Additional definitions; burden of proof
Mich. Comp. Laws § 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
Mich. Comp. Laws § 445.1504a— Applicability of act
Mich. Comp. Laws § 445.1504b— Franchisee as sole employer
Mich. Comp. Laws § 445.1505— Prohibited conduct in connection with offer, sale, or purchase of franchise
Mich. Comp. Laws § 445.1505a— Franchise opportunities handbook
Mich. Comp. Laws § 445.1506— Exemption of offer and sale of franchise from MCL 445.1507a and 445.1508; circumstances; compliance with MCL 445.1508
Mich. Comp. Laws § 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
Mich. Comp. Laws § 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
Mich. Comp. Laws § 445.1512— Escrow of initial investment and other funds; time; surety bond; financial institution as escrow agent; release of escrowed funds; affidavit
Mich. Comp. Laws § 445.1513— Conditions prohibiting offering for sale or selling franchise
Mich. Comp. Laws § 445.1519— Filing change in information contained in notice
Mich. Comp. Laws § 445.1520— Accounts of franchise sales; reports; examination of records
Mich. Comp. Laws § 445.1521— Certain facts not to constitute finding or approval; representation inconsistent with section prohibited
Mich. Comp. Laws § 445.1522— Service of process
Mich. Comp. Laws § 445.1523— Untrue statement, omission, or failure to give notice of change
Mich. Comp. Laws § 445.1524— Filing of advertisement or sales literature; exemption from liability
Mich. Comp. Laws § 445.1525— Publication of false or misleading advertisement prohibited
Mich. Comp. Laws § 445.1527— Void and unenforceable provisions
Mich. Comp. Laws § 445.1528— Pyramid
Mich. Comp. Laws § 445.1531— Liability for damages or rescission; basis of damages
Mich. Comp. Laws § 445.1532— Joint and several liability
Mich. Comp. Laws § 445.1533— Statute of limitations
Mich. Comp. Laws § 445.1534— Civil liability; liability under other statute or common law
Mich. Comp. Laws § 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
Mich. Comp. Laws § 445.1536— Investigations; statements under oath; administration of oaths and affirmations; subpoena; evidence; order requiring appearance; self-incrimination; perjury; contempt
Mich. Comp. Laws § 445.1538— Violation; penalty; punishing crime under other statute
Mich. Comp. Laws § 445.1539— Prohibited conduct equivalent to appointment of corporations and securities bureau as attorney for service of process; procedure for service of process
Mich. Comp. Laws § 445.1540— Collection and disposition of fees and fines; detailed statement; fee for filing notice under MCL 445.1507a
Mich. Comp. Laws § 445.1541— Rules
Mich. Comp. Laws § 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
Mich. Comp. Laws § 445.1546— Prior acts, offenses, rights, liabilities, penalties, forfeiture, or punishments not impaired or affected; transfer of records, personnel, and funds