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Code · Michigan · Chapter 445 — Trade and Commerce

445.2585 Rebuttable presumption.

58 words·~1 min read·/mi/chapter-445/445-2585

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445.2585 Rebuttable presumption.
Sec. 5.
There is a rebuttable presumption that a plan or operation is not a pyramid promotional scheme if both of the following conditions are satisfied:
(a)The plan or operation does not cause inventory loading.
(b)The plan or operation implements an inventory repurchase program.
History: 2018, Act 186 , Eff. Sept. 11, 2018
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