Disclosure; "applicant" defined.
MCL 333.17742
in effect333.17742. Disclosure; "applicant" defined.
Sec. 17742.
(1) The board may require an applicant or the holder of a pharmacy, manufacturer's, wholesale distributor's, or wholesale distributor-broker's license to fully disclose the identity of each partner, stockholder, officer, or member of the board of directors of the pharmacy, manufacturer, wholesale distributor, or wholesale distributor-broker, as applicable.
(2) As used in this section and sections 17742a, 17748, 17748a, 17748e, and 17768, "applicant" means a person applying for a pharmacy, manufacturer's, wholesale distributor's, or wholesale distributor-broker's license under this article. Applicant includes only 1 or more of the following:
(a) An individual, if the person applying is an individual.
(b) All partners, including limited partners, if the person applying is a partnership.
(c) All stockholders, officers, and members of the board of directors, if the person applying is a privately held corporation.
Add. 1987, Act 250, Imd. Eff. Dec. 28, 1987; Am. 2014, Act 280, Eff. Sept. 30, 2014; Am. 2020, Act 4, Eff. Apr. 26, 2020; Am. 2020, Act 142, Imd. Eff. July 14, 2020
[PopularName] Act 368
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-333-17742Fetched: 10/20/2026