Mich. Admin. Code R. 125.202

Current through Vol. 24-24, January 15, 2025
Section R. 125.202 - Identity of interest; "member of the family" defined

Rule 202.

(1) Any contractual relationship between either an owner or management agent and a vendor described in subrule (2) of this rule constitutes an identity of interest.
(2) An identity of interest exists if any of the following conditions occurs:
(a) Either the owner or management agent, or any officer, director, stockholder, partner, or joint venturer of either the owner or management agent, has a financial interest in the vendor.
(b) Either the owner or management agent, or any officer, director, stockholder, partner, or joint venturer of either the owner or management agent, is also an officer, director, stockholder, partner, or joint venturer of the vendor.
(c) Either the owner or management agent, or any officer, director, stockholder, partner, or joint venturer of either the owner or management agent, is also the vendor.
(d) A member of the family of either the owner or management agent, or of any officer, director, stockholder, partner, or joint venturer of either the owner or management agent, is the vendor or an officer, director, stockholder, partner, or joint venturer of the vendor or has a financial interest in the vendor. As used in this part, "member of the family" means any individual who is related to the party in question by blood, marriage, or operation of law.

Mich. Admin. Code R. 125.202

1991 AACS; 2023 MR 6, Eff. 3/21/2023