Section 493.64e - Violation of order; exceptionsA control person who is subject to an order issued under section 14a and who meets all of the following requirements is not in violation of the order:
(a) The control person shall not in any manner, directly or indirectly, participate in the control of a licensee or registrant after the date the order is issued.(b) The control person shall within 6 months after the date the order is final transfer any interest the control person owns in a licensee or registrant to an unrelated third party.Add. 2002, Act 392, Imd. Eff. 5/30/2002 .