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Code · Michigan · Chapter 487 — Financial Institutions

487.2139 Expiration and renewal of license.

142 words·~1 min read·/mi/chapter-487/487-2139

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487.2139 Expiration and renewal of license.
Sec. 19.
(1)A license issued under this article shall expire on September 30 of each year unless earlier suspended, surrendered, or revoked under this act. A licensee may renew a license for a 12-month period by submitting a complete application that shows continued compliance with this act, in a form prescribed by the commissioner, and paying the license renewal fee to the commissioner. The licensee shall submit a renewal application under this subsection on or before August 1 and the commissioner shall proceed in the manner described in sections 15(1) and 16.
(2)Before October 1, 2006, the commissioner may issue a license to an applicant under this article that is for a period longer than 12 months and that expires on September 30, 2007.
History: 2005, Act 244 , Imd. Eff. Nov. 28, 2005
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