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Michigan Administrative Code (Last Updated: November 16, 2016) |
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Department AG. Attorney General |
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Consumer Protection and Charitable Trusts Division |
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Chapter Franchises |
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Part 5. FINANCIAL STATEMENTS |
Section 445.504. Exempt franchisor.
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A financial statement of a franchisor exempt from registration under section 6(2)(a), (b), or (j) of the act shall be certified and audited by an independent certified public accountant, unless that requirement is waived by the administrator as not in the public interest or for the protection of investors.
History: 1979 AC.