Section 487.1501 - Offices of licensee; number; location; posting sign bearing corporate name; personnel; establishing, relocating, or closing office.
MICHIGAN BIDCO ACT (EXCERPT)
Act 89 of 1986
487.1501 Offices of licensee; number; location; posting sign bearing corporate name; personnel; establishing, relocating, or closing office.
Sec. 501.
(1) A licensee shall maintain not less than 1 office in this state.
(2) A licensee shall not maintain an office at any place outside this state.
(3) Each office of a licensee shall be located in a place which is reasonably accessible to the public.
(4) A licensee shall post in a conspicuous place at each of its offices a sign which bears the corporate name of the licensee.
(5) A licensee shall maintain at each of its offices personnel who are competent to conduct the business of such an office.
(6) Upon written notice to the commissioner, a licensee may establish, relocate, or close an office.
History: 1986, Act 89, Imd. Eff. May 1, 1986