Section R. 432.521b - Required notification of formation, dissolution, or transfer of subsidiariesRule 521b.
(1) A licensee, applicant, or affiliate must report, in writing, to the board, as soon as practicable, the formation or dissolution of, or any transfer of, a nonpublicly traded or publicly traded interest in the licensee, applicant, or affiliate.(2)A publicly traded corporation is considered to have complied with this rule if it has complied with the reporting requirements in R 432.521c.Mich. Admin. Code R. 432.521b
2023 MR 20, Eff. 10/11/2023