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  2. U.S. State Codes
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  4. Michigan
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  6. Chapter 487 - Financial Ins...
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  8. Act 89 of 1986 Michigan Bid...
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  10. Article 5 - Transaction of Business (487.1501.....


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 Assistance or Management Assistance; Exercise of Incidental Powers; Extension of Credit; Interest; Violation as Felony; Penalty; “Interest” Defined.
  • 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 Hold Control of Business Firm.
  • 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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