Mich. Comp. Laws § 333.27409

Current through Public Act 64 of the 2024 Legislative Session

Section 333.27409 - State operating license as revocable privilege

A state operating license is a revocable privilege granted by this state and is not a property right. Granting a license does not create or vest any right, title, franchise, or other property interest. A licensee or any other person shall not lease, pledge, or borrow or loan money against a license.

MCL 333.27409

Amended by 2018, Act 582,s 10, eff. 1/1/2019.

Added by 2016, Act 281,s 4-9, eff. 12/20/2016.