Mich. Comp. Laws § 333.27406

Current through Public Act 272 of the 2023 Legislative Session
Section 333.27406 - Transfer, sale, or purchase of license

Each license is exclusive to the licensee, and a licensee or any other person must apply for and receive the board's approval before a license is transferred, sold, or purchased. The attempted transfer, sale, or other conveyance of an interest in a license without prior board approval is grounds for suspension or revocation of the license or for other sanction considered appropriate by the board, but only if the transfer, sale, or other conveyance would result in the transferee meeting the definition of applicant.

MCL 333.27406

Amended by 2018, Act 582,s 7, eff. 1/1/2019.
Added by 2016, Act 281,s 4-6, eff. 12/20/2016.