Section 436.1109. Application for license by corporation; requirements.

(1) A corporation applying for a license  shall  file   with  the commission all of the following, as applicable:

(a)          If incorporated outside of this state, a copy of its current articles of incorporation, a current certificate of good standing from  the   state  of incorporation, and a copy of the authorization to do business in this state issued by the  Michigan department of labor and economic growth.

(b)     If a Michigan  corporation,  a  copy   of  the  current  articles  of incorporation as approved by the Michigan department of  labor  and  economic growth.

(c)     A certified copy of the minutes of a meeting of its board of directors or a statement signed by an officer of the corporation naming the persons authorized by corporate resolution to sign the application and other documents required by the commission.

(d)    A signed statement providing the identity of its current  corporate officers and the members of the board of directors.

(e)      A signed statement indicating whether or not the corporation is a privately held   corporation.   If  the  corporation  is   a  privately    held corporation, then it shall also

file,  with  the   commission,  a  signed  statement  that   includes  all  of   the  following information:

(i)     The number of shares of stock that it has issued.

(ii)     To whom the stock was issued.

(iii)     The amount of stock issued to each stockholder.

(iv)     The date of the issuance of the stock.

(v)       The individual certificate numbers of the stock issued.

(2)     The commission shall not renew a license of a corporation unless the corporate charter is current.

(3)     The commission shall suspend the license of a corporation whose corporate charter is not current.

(4)    A corporate licensee applying for another license is required to meet the provisions of this rule only once if the licensee amends its filing to keep it current under this rule.

History: 1979 AC; 1998-2000 AACS; 2004 AACS.