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§ 487.1309 — Michigan Law | CourtGPT
  1. Home/
  2. Laws/
  3. Michigan/
  4. Chapter 487 - Financial Institutionsact 349 of 1925 - Adverse Claim to Bank Deposit (487.691 - 487.691)/
  5. Statute Act 89 of 1986/
  6. Article 3 - Licensing (487.1301...487.1317)/
  7. § 487.1309
Michigan Legal Code

§ 487.1309

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487.1309 License; issuance; posting; nontransferable and nonassignable. Sec. 309. If an application for a license is approved and all conditions precedent to the issuance of that license are fulfilled, the commissioner shall issue a license to the applicant. A licensee shall post the license in a conspicuous place in the licensee's principal office. A license is not transferable or assignable. History: 1986, Act 89, Imd. Eff. May 1, 1986