Mich. Comp. Laws § 493.64e: Violation of order; exceptions.

Sec. 14e.

A control person who is subject to an order issued under section 14a and who meets all of the following requirements is not in violation of the order:

The control person shall not in any manner, directly or indirectly, participate in the control of a licensee or registrant after the date the order is issued.

The control person shall within 6 months after the date the order is final transfer any interest the control person owns in a licensee or registrant to an unrelated third party.