Transaction of Business (487.1501...487.1513)

  1. Law
  2. Michigan Compiled Laws
  3. Financial Institutions
  4. 89 of 1986 - Michigan Bidco Act (487.1101 - 487.2001)
  5. Transaction of Business (487.1501...487.1513)

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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.