{"data":{"id":"us-mi/mich.-comp.-laws-333.27409","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 333.27409","heading":"State operating license as revocable privilege.","body":"Sec. 409.\n\nA state operating license is a revocable privilege granted by this state and is not a property right. Granting a license does not create or vest any right, title, franchise, or other property interest. A licensee or any other person shall not lease, pledge, or borrow or loan money against a license.","path":["MI Code","Chapter 333","Act Act-281-of-2016"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-333-27409","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"bb1d03938b1dd2fb8f14f1f94fac88a3958f117460136edf4fbe9d5e87d9a215","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-333.27408","next":"us-mi/mich.-comp.-laws-333.27501"},"notice":"GroundRules: Original legal text. Not legal advice."}