Mich. Comp. Laws » Michigan Compiled Laws / Chapter 487 / Act 89 of 1986
Michigan Compiled Laws

Mich. Comp. Laws § 487.1809 (2026)

Financing assistance to associate of licensee.

✓ current as of July 2026
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MICHIGAN BIDCO ACT


Act 89 of 1986


487.1809 Financing assistance to associate of licensee.

Sec. 809.

    A licensee shall not provide, directly or indirectly, financing assistance to an associate of the licensee.

History: 1986, Act 89, Imd. Eff. May 1, 1986

Notes of Decisions
Cited in 1 case, 1999–1999 · leading case: Wallad v. Access Bidco, Inc, 600 N.W.2d 664 (Mich. Ct. App. 1999).
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Wallad v. Access Bidco, Inc, 600 N.W.2d 664 (Mich. Ct. App. 1999). “Nevertheless, we also conclude that summary disposition was appropriate with regard to this transaction. Plaintiff claims that the Access Venture Fund transaction violated the Michigan BIDCO Act, MCL 487.”
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