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§ 445.2585 — Michigan Law | CourtGPT
  1. Home/
  2. Laws/
  3. Michigan/
  4. Chapter 445 - Trade and Commerceact 101 of 1907 - Carrying on Business Under Assumed or Fictitious Name (445.1 - 445.5)/
  5. Statute Act 186 of 2018/
  6. § 445.2585
Michigan Legal Code

§ 445.2585

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445.2585 Rebuttable presumption.Sec. 5. There is a rebuttable presumption that a plan or operation is not a pyramid promotional scheme if both of the following conditions are satisfied: (a) The plan or operation does not cause inventory loading. (b) The plan or operation implements an inventory repurchase program. History: 2018, Act 186, Eff. Sept. 11, 2018