Michigan Laws > Chapter 487 > Act 89 of 1986 > Article 6 – Mergers and Acquisitions


§ 487.1601	Acquiring control of licensee; application for approval; determinations by commissioner
§ 487.1603	Merger of licensee with another business firm; conditions; purchase by licensee of business of another person; sale of business; application for approval of merger, purchase, or sale; determinati

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Fraud: Intentional deception resulting in injury to another.
Nolo contendere: No contest-has the same effect as a plea of guilty, as far as the criminal sentence is concerned, but may not be considered as an admission of guilt for any other purpose.
person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o