™Your Policy Risk Impact Agent
27 chapters · 407 sections in this title.
Mich. Comp. Laws § 207.1059 New or increased amount of bond or cash deposit.
0.6K chars
Sec. 59. (1) If the department reasonably determines that the amount of an existing bond or cash deposit is insufficient to ensure payment to the state of the tax and any penalty and interest for which the licensee is or may become liable, the licensee shall, upon written demand …
Mich. Comp. Laws § 207.1060 Filing new bond; circumstances; release of previous bond; reduced or disposed cash deposit.
1.0K chars
Sec. 60. (1) The department may require a licensee to file a new bond with a satisfactory surety in the same form and amount under either of the following circumstances: (a) Liability upon the previous bond is discharged or reduced by the judgment rendered, payment made, or other…
Mich. Comp. Laws § 207.1061 Release from bond or cash deposit.
2.2K chars
Sec. 61. (1) If the surety of a bond provides the department with a written request for a release from the bond, the surety is released from any liability to the state accruing on the bond more than 60 days after the date of the request. The release does not affect any liability …
Mich. Comp. Laws § 207.1062 Denial of license application.
0.6K chars
Sec. 62. (1) Upon denial of an application for a license, the department shall provide the applicant with notice of and reasons for the denial and a statement of the applicant's right to appeal under section 22 of 1941 PA 122, MCL 205.22. (2) Before denying an application, the de…