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MI HB5727
Bill
Status
8/15/2018
Primary Sponsor
Pamela Hornberger
Click for details
AI Summary
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Amends the 1974 Michigan Franchise Investment Law (PA 269) to prohibit the state department from accepting franchise filings that involve pyramid promotional schemes
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Requires franchises to comply with Michigan's Pyramid Promotional Scheme Act (MCL 445.2581 to 445.2586) or be rejected for filing
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Effective date is September 11, 2018 (90 days after enactment on June 12, 2018)
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Contingent on the enactment of House Bill No. 5726 of the 99th Legislature
Legislative Description
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
Trade: business practices
Last Action
Assigned Pa 187'18 With Immediate Effect
8/15/2018