{"data":{"id":"us-mi/mich.-comp.-laws-432.208c","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 432.208c","heading":"License as revocable privilege; rights, limitations, and prohibitions; revocation.","body":"Sec. 8c.\n\nA license issued under this act is a revocable privilege granted by the state and is not a property right. Granting a license under this act does not create or vest any right, title, franchise, or other property interest. Each license is exclusive to the licensee, and a licensee or any other person shall apply for and receive the board's and city's approval before a license is transferred, sold, or purchased, or before a voting trust agreement or other similar agreement is established with respect to the license. A licensee or any other person shall not lease, pledge, or borrow, or loan money against a license. The attempted transfer, sale, or other conveyance of an interest in a license without prior board approval is grounds for suspension or revocation of the license, or other sanction considered appropriate by the board.\n\nUpon the termination of a development agreement between a casino licensee and the city in which the casino is located, the board upon the request of the city shall revoke that licensee's casino license.","path":["MI Code","Chapter 432","Act Initiated-Law-1-of-1996"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-432-208c","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"cc1ef6fdf1ffe3612210880d8eabdf3379fe0336029574ee56ffb0c32365db60","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-432.208b","next":"us-mi/mich.-comp.-laws-432.209"},"notice":"GroundRules: Original legal text. Not legal advice."}