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TRANSACTION OF BUSINESS

  • Mich. Comp. Laws § 487.1501— Offices of licensee; number; location; posting sign bearing corporate name; personnel; establishing, relocating, or closing office
  • Mich. Comp. Laws § 487.1503— Business of licensee; powers and privileges of licensee
  • Mich. Comp. Laws § 487.1505— Forms, terms, and conditions of financing assistance; participation in program of small business administration; compliance; scope of management assistance; purpose of financing assistance or management assistance; exercise of incidental powers; extension of credit; interest; violation as felony; penalty; “interest” defined
  • Mich. Comp. Laws § 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 hold control of business firm
  • Mich. Comp. Laws § 487.1509— Transacting business in safe and sound manner; considering risks; authority of commissioner not limited
  • Mich. Comp. Laws § 487.1511— Definitions; transactions involving potential conflict of interest; authority of commissioner to determine conflict of interest not limited
  • Mich. Comp. Laws § 487.1513— Lien on or security interest in property of licensee