{"data":{"id":"us-mi/mich.-comp.-laws-487.2060k","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 487.2060k","heading":"Violation of order; exceptions.","body":"Sec. 10k.\n\nA control person who is subject to an order issued under section 10g(6) and who meets all of the following requirements is not in violation of the order:\n\nThe control person shall not in any manner, directly or indirectly, participate in the control of a licensee after the date the order is issued.\n\nThe control person shall within 6 months after the date the order is final transfer any interest the control person owns in a licensee to an unrelated third party.","path":["MI Code","Chapter 487","Act Act-161-of-1988"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-487-2060k","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"f1b7ab824fd8812f15b2b42d7baea2d272845ece219e12557f003ac5ef3da484","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-487.2060j","next":"us-mi/mich.-comp.-laws-487.2061"},"notice":"GroundRules: Original legal text. Not legal advice."}