{"data":{"id":"us-mi/mich.-comp.-laws-487.1513","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 487.1513","heading":"Lien on or security interest in property of licensee.","body":"Sec. 513.\n\nExcept with the approval of the commissioner, a licensee shall not provide a lien on or security interest in any of its property for the purpose of securing an obligation of, or an obligation incurred for the benefit of, another person.","path":["MI Code","Chapter 487","Act Act-89-of-1986"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-487-1513","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"8c699e6d6c082c92374ef9564b05facb2b5609e19730b64c019a2491dbda017a","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-487.1511","next":"us-mi/mich.-comp.-laws-487.1601"},"notice":"GroundRules: Original legal text. Not legal advice."}