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Code · Michigan · Chapter 487 — Financial Institutions

487.2141 Books, accounts, and records; preservation.

66 words·~1 min read·/mi/chapter-487/487-2141

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487.2141 Books, accounts, and records; preservation.
Sec. 21.
Each licensee shall keep and use in its business any books, accounts, and records the commissioner requires under this act. A licensee shall preserve the books, accounts, and records for at least 3 years, unless applicable state or federal law concerning record retention requires a longer retention period.
History: 2005, Act 244 , Imd. Eff. Nov. 28, 2005
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