FrankGoortani/open-us-law huggingface dataset:
Mich. Comp. Laws § 500.4153 — MI Code / Chapter 500 / Act Act-218-of-1956 / Section 500.4153
Scope of chapter.
Status: in_force

Sec. 4153.

(1) This chapter applies to any sale or recommendation of an annuity.

(2) Except as otherwise provided in this chapter, this chapter does not apply to any recommendation to purchase, exchange, or replace an annuity involving any of the following:

(a) Direct response solicitations if there is no recommendation based on information collected from the consumer.

(b) Contracts used to fund any of the following:

( i ) An employee pension or welfare benefit plan that is covered by the employee retirement income security act of 1974, Public Law 93-406.

( ii ) A plan described by 26 USC 401(a), 26 USC 401(k), 26 USC 403(b), 26 USC 408(k), or 26 USC 408(p), if established or maintained by an employer.

( iii ) A governmental or church plan defined in 26 USC 414, a government or church welfare benefit plan, or a deferred compensation plan of a state or local government or tax exempt organization under 26 USC 457.

( iv ) A nonqualified deferred compensation arrangement established or maintained by an employer or plan sponsor.

( v ) Settlements of or assumptions of liabilities associated with personal injury litigation or any dispute or claim resolution process.

( vi ) Formal prepaid funeral contracts.

(3) This chapter does not require a producer to obtain any license other than a producer license with the appropriate line of authority to sell, solicit, or negotiate insurance in this state, including, but not limited to, any securities license, to fulfill the duties and obligations contained under this chapter if the producer does not give advice or provide services that are otherwise subject to securities laws or engage in any other activity requiring other professional licenses.

(4) This chapter does not create or imply a private cause of action for a violation of this chapter or subject a producer to civil liability under the standard of care outlined in section 4155 or under standards governing the conduct of a fiduciary or a fiduciary relationship.

History: Add. 2006, Act 399, Imd. Eff. Sept. 29, 2006; Am. 2012, Act 544, Eff. June 1, 2013; Am. 2020, Act 266, Eff. June 29, 2021
Mich. Comp. Laws § 259.625 — MI Code / Chapter 259 / Act Act-206-of-1957 / Section 259.625
Airport authority board; number, appointment, and representation of members; election of officers; conducting business at public meeting; public notice; appointment of committees; selection and employment of officers and employees; engaging necessary services; reimbursement of expenses.
Status: in_force

Sec. 5.

The airport authority shall be directed and governed by an airport authority board consisting of not less than 4 members, the appointment and representation of which shall consider population as well as other factors and shall be specified in each of the resolutions creating the airport authority. On the date appointed in the adopting resolutions, or not more than 30 days after the creation of the airport authority, the members appointed to the airport authority board shall convene to elect a temporary chairperson and secretary. As soon as possible the full airport authority board shall hold its first meeting and organize by electing a chairperson and vice-chairperson who shall be members of the board, and a secretary and treasurer who need not be members. The business which the board may perform shall be conducted at a public meeting of the board held in compliance with Act No. 267 of the Public Acts of 1976, as amended, being sections 15.261 to 15.275 of the Michigan Compiled Laws. Public notice of the time, date, and place of the meeting shall be given in the manner required by Act No. 267 of the Public Acts of 1976, as amended. The board may also appoint an executive committee, consisting of the chairperson and 2 other members, to carry on the active administrative duties of the airport authority, which executive committee shall hold office during the pleasure of the airport authority board. The airport authority board may also appoint an airport advisory committee whose duty shall be to advise the airport authority board in regard to technical problems of airport operation and in regard to state and federal policies. The airport authority board may also select and employ other officers and employees and engage services as shall be considered necessary. A member of the airport authority board shall serve without compensation but shall be reimbursed for actual expenses incurred in the discharge of official duties.

History: 1957, Act 206, Eff. Sept. 27, 1957; Am. 1958, Act 216, Eff. Sept. 13, 1958; Am. 1969, Act 32, Imd. Eff. July 10, 1969; Am. 1978, Act 410, Imd. Eff. Sept. 28, 1978; Am. 1982, Act 312, Imd. Eff. Oct. 14, 1982
Mich. Comp. Laws § 487.3324 — MI Code / Chapter 487 / Act Act-354-of-1996 / Section 487.3324
Purchase or sale of securities by director; conditions.
Status: in_force

Sec. 324.

A savings bank may contract for, or purchase from, any of its directors, or from any person of which any of the savings bank's directors is an officer, director, manager, owner, employee, or agent, any securities or other property, only when the purchase is made in the ordinary course of business upon terms not less favorable to the savings bank than those offered by others, and the purchase is authorized by a majority of the board of directors not interested in the sale of the securities or property evidenced by their affirmative vote or written assent. If a director, or person of which any director is an officer, director, manager, owner, employee, or agent, acting for or on behalf of others, sells securities or other property to a savings bank, the commissioner may require a full disclosure to be made of all commissions or other considerations received. If a director or person, acting in his, her, or its own behalf, sells securities or other property to the savings bank, the commissioner may require a full disclosure of all profits realized from the sale.

A savings bank may sell securities or other property to any of its directors, or to an entity of which any of its directors is an officer, director, manager, owner, employee, or agent in the ordinary course of business on terms not more favorable to the director or person than those offered to others, when the sale is authorized by a majority of the board of directors of a savings bank evidenced by their affirmative vote or written assent.

This section shall not be construed as authorizing savings banks to purchase or sell securities or other property that savings banks are not otherwise authorized by law to purchase or sell.

History: 1996, Act 354, Imd. Eff. July 1, 1996; Am. 2000, Act 482, Imd. Eff. Jan. 11, 2001
Mich. Comp. Laws § 730.266 — MI Code / Chapter 730 / Act Act-288-of-1929 / Section 730.266
Justice may order jury impaneled.
Status: in_force

Sec. 16.

Nothing in this act contained shall prevent any justice of the peace, when no jury is in attendance, in his discretion and in order to avoid hardship, from delay, from ordering a jury impaneled in accordance with the method provided by law to secure a jury in trials before justices of the peace in townships.

History: 1929, Act 288, Eff. Aug. 28, 1929; CL 1929, 16512; CL 1948, 730.266
Mich. Comp. Laws § 440.9342 — MI Code / Chapter 440 / Act Act-174-of-1962 / Section 440.9342
Bank's right to refuse to enter into or disclose existence of control agreement.
Status: in_force

Sec. 9342.

This article does not require a bank to enter into an agreement of the kind described in section 9104(1)(b), even if its customer so requests or directs. A bank that has entered into such an agreement is not required to confirm the existence of the agreement to another person unless requested to do so by its customer.

History: Add. 2000, Act 348, Eff. July 1, 2001
Mich. Comp. Laws § 324.21535 — MI Code / Chapter 324 / Act Act-451-of-1994 / Section 324.21535
Personal liability.
Status: in_force

Sec. 21535.

A member of the authority, any person executing bonds or notes issued under this part, or any person executing any agreement on behalf of the authority is not liable personally on the bonds or notes by reason of their issuance.

History: 1994, Act 451, Eff. Mar. 30, 1995
Mich. Comp. Laws § 780.715 — MI Code / Chapter 780 / Act Act-620-of-1978 / Section 780.715
Salaries and expenses; post audits; space and equipment.
Status: in_force

Sec. 5.

The salaries of the appellate defender, deputy appellate defender, assistant appellate defenders, and supporting personnel shall be established by the commission.

The appellate defender, deputy appellate defender, assistant appellate defenders, and supporting personnel shall be reimbursed for their reasonable actual and necessary expenses by the state treasurer upon the warrant of the state treasurer.

Salaries and expenses attributable to the office of appellate defender shall be paid out of funds available for those purposes in accordance with the accounting laws of this state. The auditor general, under authority of section 53 of article 4 of the state constitution of 1963, shall perform post audits utilizing the same policies and criteria that are used to audit executive branch agencies.

Within appropriations provided by law, the department of management and budget shall provide the office of appellate defender with suitable space and equipment in the city of Detroit and at other locations the commission considers necessary.

History: 1978, Act 620, Imd. Eff. Jan. 6, 1979
Mich. Comp. Laws § 445.1659 — MI Code / Chapter 445 / Act Act-173-of-1987 / Section 445.1659
Transfer or assignment of license or registration.
Status: in_force

Sec. 9.

A license shall not be transferred or assigned without the consent of the commissioner. The sale, transfer, assignment, or conveyance of more than 25% of the outstanding voting stock of a licensee which is a corporation, or more than 25% of the interest in a licensee which is a partnership or other unincorporated association, shall be considered to be a transfer of the license. A registration shall not be transferred or assigned.

History: 1987, Act 173, Imd. Eff. Nov. 18, 1987
Mich. Comp. Laws § 450.3099 — MI Code / Chapter 450 / Act Act-162-of-1982 / Section 450.3099
Effective date of act.
Status: in_force

Sec. 1099.

This act shall take effect January 1, 1983.

History: 1982, Act 162, Eff. Jan. 1, 1983
Mich. Comp. Laws § 24.251 — MI Code / Chapter 24 / Act Act-306-of-1969 / Section 24.251
Amendment and rescission of rules by legislature; introduction of bill.
Status: in_force

Sec. 51.

If the committee, an appropriate standing committee, or a member of the legislature believes that a promulgated rule or any part thereof is unauthorized, is not within legislative intent, or is inexpedient, the committee or member may introduce a bill at a regular session, or special session if included in a governor's message, which in effect amends or rescinds the rule.

History: 1969, Act 306, Eff. July 1, 1970; Am. 2004, Act 491, Eff. Jan. 12, 2005
Mich. Comp. Laws § 125.482 — MI Code / Chapter 125 / Act Act-167-of-1917 / Section 125.482
Fire prevention and safety requirements.
Status: in_force

Sec. 82.

Supervision and safety provisions. In any multiple dwelling housing more than 8 families, in which the owner thereof does not reside, there shall be a responsible person, or persons, designated as such by the owner. Every multiple dwelling of class "b" containing over 75 sleeping rooms or sleeping accommodations for 150 persons or more above the first floor, which is not of fireproof construction, or not protected with an approved sprinkler system or an approved and self supervised and properly maintained automatic fire alarm system, shall have adequate watch service, reporting each 1 hour between the hours of 10:00 p.m. and 7:00 a.m. on each floor at locations designated by the enforcing official on a suitable recording device.

In addition every multiple dwelling of class "b", not of fireproof construction, or not protected with an approved sprinkler system or an approved and self supervised and properly maintained automatic fire alarm system, having sleeping accommodations for over 50 persons above the first floor, shall have on duty at all times at least 1 employe and more if necessary, so that there shall be 1 employe on duty at all times for each 100 persons, or major fraction thereof, of the normal capacity of the building.

In all multiple dwellings of class "b", not of fireproof construction, having sleeping accommodations for over 25 persons there shall be provided a bell, gong, siren or other approved alarm, of sufficient size and adequacy to be heard in every room or apartment of the building by a person of normal auditory perception, on each floor of the building, such warning device to be manually controlled from locations designated by the enforcing official.

All employes of multiple dwellings shall be regularly instructed and drilled relative to the proper proceeding in case of fire or panic by a person whose qualifications are approved by the enforcing officer. All employes of multiple dwellings shall be instructed as to the location of the fire alarm boxes or other devices for notifying the fire department. In case of fire in the building it shall be the duty of such employes to forthwith and immediately notify the fire department of the existence of such fire through the surest and quickest means of notification available. Such employes shall then proceed to warn or notify the occupants of the building of the existence of such fire and to assist them in the immediate evacuation of the building in the quickest and safest manner possible.

The owners or manager of every multiple dwelling of class "b" shall maintain a register or list of guests and tenants which shall be kept and safeguarded so as to be available at all times.

History: 1917, Act 167, Eff. Aug. 10, 1917; CL 1929, 2570; Am. 1939, Act 303, Eff. Sept. 29, 1939; CL 1948, 125.482
Mich. Comp. Laws § 205.723 — MI Code / Chapter 205 / Act Act-186-of-1973 / Section 205.723
Tax tribunal; election and duties of chairman.
Status: in_force

Sec. 23.

Annually, the tribunal shall elect 1 of its members as chairman who shall assign matters, apportion business of the tribunal, and perform other duties prescribed by law.

History: 1973, Act 186, Eff. July 1, 1974
Mich. Comp. Laws § 290.627 — MI Code / Chapter 290 / Act Act-283-of-1964 / Section 290.627
Packages; advertisement, declaration of quantity.
Status: in_force

Sec. 27.

Whenever a commodity in package form is advertised in any manner and the retail price of the package is stated in the advertisement, there must be closely and conspicuously associated with the statement of price a declaration of the basic quantity of contents of the package as is required by law or regulation to appear on the package, except that this section must not apply to products for agricultural or horticultural use where the custom is to state the number of objects or amount of area that can be treated per package unit and the number or area is stated. Where the law or regulation requires the declaration of net quantity to appear on the package in terms of more than 1 unit of weight or measure, only the smallest unit of weight or measure need be stated in the advertisement. In connection with the declaration the qualifying term "when packaged" or any other words of similar import, or any term qualifying a unit of weight, measure or count, for example, "jumbo", "giant", "full", "approximate", and the like that tends to exaggerate the amount of commodity in the package, must not be used.

History: 1964, Act 283, Eff. Aug. 28, 1964; Am. 1968, Act 264, Eff. Nov. 15, 1968; Am. 2022, Act 273, Eff. Mar. 29, 2023
Mich. Comp. Laws § 451.2537 — MI Code / Chapter 451 / Act Act-551-of-2008 / Section 451.2537
Access and availability of compliance records.
Status: in_force

Sec. 537.

(1) Subject to 15 USC 78o(i)(1) and 15 USC 80b-18a, and the record-keeping requirements provided in section 411, a broker-dealer or investment adviser shall provide access to any records related to compliance with this article and ensure that those records are readily available to the department on request. The records described in this subsection may include all of the following:

(a) Any requests for a disbursement or other transaction that a broker-dealer or investment adviser reasonably believed to constitute covered financial exploitation of a vulnerable adult and the resulting temporary delay.

(b) Any finding of a reasonable belief that financial exploitation has occurred, is occurring, has been attempted, or will be attempted underlying a decision to delay a disbursement or other transaction.

(c) The name and title of any individual who authorized a delay on a disbursement or other transaction.

(d) Any notifications to relevant parties under section 533.

(e) Any investigation or examination of available facts conducted under section 533(1).

(2) A broker-dealer or investment adviser shall provide access to or copies of records that are relevant to suspected or detected covered financial exploitation to adult protective services and law enforcement agencies, either as part of a referral to adult protective services or a law enforcement agency or on request of adult protective services or a law enforcement agency in connection with an investigation. The records may include historical records as well as records relating to the most recent transaction or transactions that may constitute suspected or detected covered financial exploitation. All records made available to agencies or law enforcement under this subsection are not subject to the freedom of information act, 1976 PA 442, MCL 15.231 to 15.246. This subsection does not limit or otherwise impede the authority of the administrator to access or examine the books and records of broker-dealers and investment advisers as otherwise provided by law.

History: Add. 2023, Act 306, Eff. Mar. 13, 2024
Mich. Comp. Laws § 570.306 — MI Code / Chapter 570 / Act Act-312-of-1915 / Section 570.306
Proceeds of sale; distribution; order of priority; return of remaining proceeds to vehicle owner; disposition of unclaimed money.
Status: in_force

Sec. 6.

After the amount of the lien under section 3 is paid to the garage keeper and the costs of the sale are deducted, any remaining money shall be paid to the following persons in this descending order of priority:

A prior lienholder who gives notice to the garage keeper of his or her claim of lien before the distribution of the money realized from a sale under this act is complete.

The reasonable charges of the garage keeper.

The owner or owners of the vehicle as described in subsection (2).

Proceeds of the sale remaining after the distribution is made under subsection (1) shall be returned to the owner of the vehicle by mailing the proceeds to the owner's last known address by certified mail. If the garage keeper cannot locate the owner within 14 calendar days after the date of the sale, the remaining money shall be transmitted to the department. If the owner does not claim the remaining money within 2 years after the date of the sale, it shall escheat to the state.

History: Add. 1998, Act 236, Imd. Eff. July 3, 1998; Am. 2002, Act 109, Eff. July 1, 2002
Mich. Comp. Laws § 257.1829 — MI Code / Chapter 257 / Act Act-187-of-1990 / Section 257.1829
Fuel tank or container; intake pipe; fuel lines.
Status: in_force

Sec. 29.

Any part of a fuel tank or container or intake pipe shall not be located within or above the passenger-carrying portion of a school bus unless securely sealed off from that portion by means of a substantial metal cover. Fuel lines shall not extend above the frame rails. The gasoline container, including intake pipe, cap and vent on a school bus manufactured subsequent to December 31, 1964, shall be so designed that, in the event of overturn, the fuel will not be spilled at a rate in excess of 1 ounce per minute.

History: 1990, Act 187, Eff. Aug. 15, 1990; Am. 2006, Act 107, Eff. Aug. 15, 2006
Mich. Comp. Laws § 600.1930 — MI Code / Chapter 600 / Act Act-236-of-1961 / Section 600.1930
Process; service on individual's agent or public officer.
Status: in_force

Sec. 1930.

Service of process upon any defendant may be made by leaving a summons and a copy of the complaint with an agent authorized by written appointment or by law to receive service of process. Whenever, pursuant to statute, service of process is to be made on a nongovernmental defendant by service on a public officer, the service on the public officer may be made by registered mail addressed to his office.

History: 1961, Act 236, Eff. Jan. 1, 1963
Mich. Comp. Laws § 750.273 — MI Code / Chapter 750 / Act Act-328-of-1931 / Section 750.273
Fraudulently obtaining signature; penalty.
Status: in_force

Sec. 273.

A person who fraudulently obtains the signature of any person with the intent to cheat and defraud that person is guilty of a felony punishable by imprisonment for not more than 10 years or a fine of not more than $5,000.00, or both.

History: 1931, Act 328, Eff. Sept. 18, 1931; CL 1948, 750.273; Am. 2012, Act 172, Imd. Eff. June 19, 2012
Mich. Comp. Laws § 259.812 — MI Code / Chapter 259 / Act Act-73-of-1970 / Section 259.812
Revenue bonds; purpose.
Status: in_force

Sec. 12.

For the purpose of acquiring, purchasing, constructing, improving, enlarging or repairing airports and airport facilities created within or hereafter acquired by the authority, the board may issue self-liquidating bonds of the authority in accordance with the provisions of Act No. 94 of the Public Acts of 1933, as amended, being sections 141.101 to 141.139 of the Compiled Laws of 1948.

History: 1970, Act 73, Imd. Eff. July 16, 1970
Mich. Comp. Laws § 700.3707 — MI Code / Chapter 700 / Act Act-386-of-1998 / Section 700.3707
Employment of appraiser.
Status: in_force

Sec. 3707.

The personal representative may employ a qualified and disinterested appraiser to assist in ascertaining the fair market value as of the date of the decedent's death of property, the value of which may be subject to reasonable doubt. Different persons may be employed to appraise different kinds of property included in the estate. Each appraiser's name and address shall be indicated on the inventory with the item or items he or she appraised.

History: 1998, Act 386, Eff. Apr. 1, 2000
Mich. Comp. Laws § 18.1350d — MI Code / Chapter 18 / Act Act-431-of-1984 / Section 18.1350d
Revenues required to be refunded; procedures.
Status: in_force

Sec. 350d.

(1) The procedures enumerated in this section shall be followed when revenues are required to be refunded pursuant to section 26 of article IX of the state constitution of 1963.

(2) For any fiscal year in which total state revenues exceed the revenue limit as provided in section 26 of article IX of the state constitution of 1963 by 1% or more, the revenues in excess of the revenue limit shall be refunded in accordance with 1941 PA 122, MCL 205.1 to 205.31, for the taxpayer's tax year beginning in the fiscal year for which it is determined that the revenue limit has been exceeded.

(3) A refund shall not be required if total state revenues exceed the revenue limit by less than 1%.

(4) If total state revenues exceed the revenue limit by less than 1%, the governor shall recommend to the legislature that the excess be appropriated to the countercyclical budget and economic stabilization fund, or its successor.

(5) A refund required pursuant to this section shall be refunded during the fiscal year beginning on the October 1 following the filing of the report required by section 350e which determines that the limit was exceeded in the prior fiscal year for which the report was filed.

History: Add. 1988, Act 504, Imd. Eff. Dec. 29, 1988; Am. 2007, Act 183, Imd. Eff. Dec. 21, 2007