For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Violation of order; exceptions.

MCL 445.1668e
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
445.1668e. Violation of order; exceptions. Sec. 18e. A control person who is subject to an order issued under section 18a and who meets all of the following requirements is not in violation of the order: (a) The control person shall not in any manner, directly or indirectly, participate in the control of a licensee or registrant after the date the order is issued. (b) The control person shall within 6 months after the date the order is final transfer any interest the control person owns in a licensee or registrant to an unrelated third party. Add. 2002, Act 391, Imd. Eff. May 30, 2002
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-445-1668eFetched: 10/20/2026

Starting a business in Michigan? Michigan LLC guide: costs and requirements