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114 chapters · 762 sections in this title.
Mich. Comp. Laws § 445.2581 Short title.
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Sec. 1. This act shall be known and may be cited as the "pyramid promotional scheme act".
Mich. Comp. Laws § 445.2582 Definitions.
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Sec. 2. As used in this act: (a) "Compensation" means a payment of any money, thing of value, or financial benefit conferred in return for inducing an individual to participate in a pyramid promotional scheme. (b) "Consideration" means the payment of cash or anything of value or …
Mich. Comp. Laws § 445.2583 Promotion or participation in pyramid promotional scheme; prohibition; penalties.
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Sec. 3. (1) A person shall not promote or participate in a pyramid promotional scheme. A limitation as to the number of individuals who may participate or the presence of additional conditions affecting eligibility for the opportunity to receive compensation under a plan or opera…
Mich. Comp. Laws § 445.2584 Reasonable cause; attorney general duties; cease and desist requirements; circuit court review.
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Sec. 4. (1) If the attorney general has reasonable cause to believe that a person has engaged or is about to engage in any act or practice that violates this act, or any order issued under this act, the attorney general may do any of the following: (a) Subject to subsections (2) …