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Michigan Compiled Laws Complete Through PA 19 of 2024
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Act 89 of 1986
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MICHIGAN BIDCO ACT

Act 89 of 1986

AN ACT to promote economic development by providing for the licensing and regulation of business and industrial development corporations; to prescribe the powers and duties of certain public officers and agencies; to provide for the promulgation of rules; to provide remedies and penalties; and to repeal acts and parts of acts.


History: 1986, Act 89, Imd. Eff. May 1, 1986 ;-- Am. 2012, Act 358, Imd. Eff. Dec. 13, 2012
Compiler's Notes: For transfer of authority, powers, duties, functions, and responsibility of the financial institutions bureau and the commissioner of the financial institutions bureau to the commissioner of the office of financial and insurance services and the office of financial and insurance services by type III transfer, see E.R.O. No. 2000-2, compiled at MCL 445.2003 of the Michigan compiled laws.




The People of the State of Michigan enact:

DocumentTypeDescription
89-1986-1DivisionARTICLE 1 SHORT TITLE, PURPOSES, AND DEFINITIONS (487.1101...487.1106)
89-1986-2DivisionARTICLE 2 REGULATION, REPORTING, AND EXAMINATION (487.1201...487.1217)
89-1986-3DivisionARTICLE 3 LICENSING (487.1301...487.1317)
89-1986-4DivisionARTICLE 4 CORPORATE MATTERS (487.1401...487.1407)
89-1986-5DivisionARTICLE 5 TRANSACTION OF BUSINESS (487.1501...487.1513)
89-1986-6DivisionARTICLE 6 MERGERS AND ACQUISITIONS (487.1601...487.1603)
89-1986-7DivisionARTICLE 7 ENFORCEMENT (487.1701...487.1719)
89-1986-8DivisionARTICLE 8 CERTAIN UNLAWFUL ACTIVITIES (487.1801...487.1819)
89-1986-9DivisionARTICLE 9 GENERAL PROVISIONS (487.1901...487.1905)
89-1986-10DivisionARTICLE 10 REPEAL (487.2001...487.2001)
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