MCL - Act 269 of 1974
AN ACT to regulate the offer, sale, and purchase of franchises; to prohibit fraudulent practices in relation thereto; to prohibit pyramid and chain promotions; to impose regulatory duties upon certain state departments and agencies; and to provide penalties.
History: 1974, Act 269, Eff. Oct. 15, 1974
;--
Am. 1984, Act 92, Eff. June 20, 1984
| Document | Type | Description |
|---|---|---|
| Section 445.1501 | Section | Short title; construction. |
| Section 445.1502 | Section | Definitions. |
| Section 445.1503 | Section | Additional definitions; burden of proof. |
| Section 445.1504 | Section | Arrangements between franchisor and franchisee to which act applicable; making offer or sale of franchise in state; accepting offer to sell in state; communication of acceptance. |
| Section 445.1504a | Section | Applicability of act. |
| Section 445.1504b | Section | Franchisee as sole employer. |
| Section 445.1505 | Section | Prohibited conduct in connection with offer, sale, or purchase of franchise. |
| Section 445.1505a | Section | Franchise opportunities handbook. |
| Section 445.1506 | Section | Exemption of offer and sale of franchise from MCL 445.1507a and 445.1508; circumstances; compliance with MCL 445.1508. |
| Section 445.1507 | Section | Repealed. 1984, Act 92, Eff. June 20, 1984. |
| Section 445.1507a | Section | Notice required prior to offering for sale or selling franchise; fee; form and contents of notice; indorsement, return, and duration of notice; effect of compliance; penalty for failure to file notice; duty of franchisor with effective registration or exemption from registration; validity and enforceability of franchise documents; written notice of filing date and penalties; failure to notify franchisor. |
| Section 445.1508 | Section | Prospective franchisee to be provided copy of disclosure statement, notice, and proposed agreements; form and contents of disclosure statement; location and contents of notice. |
| Section 445.1509-445.1511 | Section | Repealed. 1984, Act 92, Eff. June 20, 1984. |
| Section 445.1512 | Section | Escrow of initial investment and other funds; time; surety bond; financial institution as escrow agent; release of escrowed funds; affidavit. |
| Section 445.1513 | Section | Conditions prohibiting offering for sale or selling franchise. |
| Section 445.1514-445.1518 | Section | Repealed. 1984, Act 92, Eff. June 20, 1984. |
| Section 445.1519 | Section | Filing change in information contained in notice. |
| Section 445.1520 | Section | Accounts of franchise sales; reports; examination of records. |
| Section 445.1521 | Section | Certain facts not to constitute finding or approval; representation inconsistent with section prohibited. |
| Section 445.1522 | Section | Service of process. |
| Section 445.1523 | Section | Untrue statement, omission, or failure to give notice of change. |
| Section 445.1524 | Section | Filing of advertisement or sales literature; exemption from liability. |
| Section 445.1525 | Section | Publication of false or misleading advertisement prohibited. |
| Section 445.1526 | Section | Repealed. 1984, Act 92, Eff. June 20, 1984. |
| Section 445.1527 | Section | Void and unenforceable provisions. |
| Section 445.1528 | Section | Pyramid. |
| Section 445.1529, 445.1530 | Section | Repealed. 1984, Act 92, Eff. June 20, 1984. |
| Section 445.1531 | Section | Liability for damages or rescission; basis of damages. |
| Section 445.1532 | Section | Joint and several liability. |
| Section 445.1533 | Section | Statute of limitations. |
| Section 445.1534 | Section | Civil liability; liability under other statute or common law. |
| Section 445.1535 | Section | Action by department for injunction, restitution, or compliance; restraining order; writ of mandamus; appointment of receiver or conservator; bond not required; costs; notice of action; opportunity to cease and desist or to confer with department; presumption of immediate and irreparable harm. |
| Section 445.1536 | Section | Investigations; statements under oath; administration of oaths and affirmations; subpoena; evidence; order requiring appearance; self-incrimination; perjury; contempt. |
| Section 445.1537 | Section | Repealed. 1984, Act 92, Eff. June 20, 1984. |
| Section 445.1538 | Section | Violation; penalty; punishing crime under other statute. |
| Section 445.1539 | Section | Prohibited conduct equivalent to appointment of corporations and securities bureau as attorney for service of process; procedure for service of process. |
| Section 445.1540 | Section | Collection and disposition of fees and fines; detailed statement; fee for filing notice under MCL 445.1507a. |
| Section 445.1541 | Section | Rules. |
| Section 445.1542 | Section | Documents subject to MCL 15.231 to 15.246; publication of information; disclosure of information withheld from public inspection; evidence sought under subpoena. |
| Section 445.1543-445.1545 | Section | Repealed. 1984, Act 92, Eff. June 20, 1984. |
| Section 445.1546 | Section | Prior acts, offenses, rights, liabilities, penalties, forfeiture, or punishments not impaired or affected; transfer of records, personnel, and funds. |