Bill Text: MI HB5727 | 2017-2018 | 99th Legislature | Chaptered
Bill Title: Businesses; franchises; prohibition against pyramid schemes; revise in franchise investment law. Amends sec. 28 of 1974 PA 269 (MCL 445.1528). TIE BAR WITH: HB 5726'18
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2018-08-15 - Assigned Pa 187'18 With Immediate Effect [HB5727 Detail]
Download: Michigan-2017-HB5727-Chaptered.html
Act No. 187
Public Acts of 2018
Approved by the Governor
June 12, 2018
Filed with the Secretary of State
June 13, 2018
EFFECTIVE DATE: September 11, 2018
STATE OF MICHIGAN
99TH LEGISLATURE
REGULAR SESSION OF 2018
Introduced by Reps. Hornberger, Lucido, Marino, Leutheuser, Noble and Iden
ENROLLED HOUSE BILL No. 5727
AN ACT to amend 1974 PA 269, entitled “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,” by amending section 28 (MCL 445.1528).
The People of the State of Michigan enact:
Sec. 28. The department shall not accept for filing a franchise that involves a pyramid promotional scheme that violates the pyramid promotional scheme act, MCL 445.2581 to 445.2586.
Enacting section 1. This amendatory act takes effect 90 days after the date it is enacted into law.
Enacting section 2. This amendatory act does not take effect unless House Bill No. 5726 of the 99th Legislature is enacted into law.
This act is ordered to take immediate effect.
Clerk of the House of Representatives
Secretary of the Senate
Approved
Governor
