{"data":{"id":"us-mi/mich.-comp.-laws-487.1311","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 487.1311","heading":"Prohibited representations; permissible acts.","body":"Sec. 311.\n\nExcept as otherwise provided in subsection (2), a person transacting business in this state, other than a licensee, shall not use a name or title that indicates that the person is a business and industrial development company including, but not limited to, use of the term \"BIDCO\", and shall not otherwise represent that the person is a business and industrial development company or a licensee.\n\nBefore being issued a license under this act, a Michigan corporation or Michigan limited liability company that proposes to apply for a license or that applies for a license may, under a name that indicates that it is a business and industrial development company, perform the acts necessary to obtain a license and to otherwise prepare to transact business as a licensee. A corporation or limited liability company shall not represent that it is a licensee until after the license has been obtained.","path":["MI Code","Chapter 487","Act Act-89-of-1986"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-487-1311","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"a0c75e920d650550f9bd7a2dcd289901a2b058de170f1e0563813e28d01a6ade","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-487.1309","next":"us-mi/mich.-comp.-laws-487.1313"},"notice":"GroundRules: Original legal text. Not legal advice."}