LIVING CARE DISCLOSURE ACT (EXCERPT) Act 440 of 1976
554.822 Material change in information; application to amend registration; revised disclosure statement; effective date of amendment; semiannual financial statements; financial information or reports.
Sec. 22.
(1) A registrant shall notify the bureau promptly in writing by an application to amend the registration, of a material change in the information contained in the application as originally submitted, amended, or renewed. The bureau may further define by rule what is a material change for the purposes and circumstances under which a revised disclosure statement shall accompany the application.
(2) An amendment to an application filed after the effective date of the registration if the amendment is approved by the bureau, shall become effective on the date the bureau may determine, having due regard for the public interest and the protection of prospective members.
(3) A registrant shall file with the bureau semiannual financial statements, and other financial information or reports as the bureau may reasonably require.
History: 1976, Act 440, Eff. July 1, 1977 Compiler's Notes: For transfer of statutory authority, powers, duties, and functions of the corporations, securities and land development bureau to the office of financial and insurance services by type III transfer, see E.R.O. No. 2000-2, compiled at MCL 445.2003 of the Michigan compiled laws.
LIVING CARE DISCLOSURE ACT (EXCERPT) Act 440 of 1976
554.822 Material change in information; application to amend registration; revised disclosure statement; effective date of amendment; semiannual financial statements; financial information or reports.
Sec. 22.
(1) A registrant shall notify the bureau promptly in writing by an application to amend the registration, of a material change in the information contained in the application as originally submitted, amended, or renewed. The bureau may further define by rule what is a material change for the purposes and circumstances under which a revised disclosure statement shall accompany the application.
(2) An amendment to an application filed after the effective date of the registration if the amendment is approved by the bureau, shall become effective on the date the bureau may determine, having due regard for the public interest and the protection of prospective members.
(3) A registrant shall file with the bureau semiannual financial statements, and other financial information or reports as the bureau may reasonably require.
History: 1976, Act 440, Eff. July 1, 1977 Compiler's Notes: For transfer of statutory authority, powers, duties, and functions of the corporations, securities and land development bureau to the office of financial and insurance services by type III transfer, see E.R.O. No. 2000-2, compiled at MCL 445.2003 of the Michigan compiled laws.
LIVING CARE DISCLOSURE ACT (EXCERPT) Act 440 of 1976
554.822 Material change in information; application to amend registration; revised disclosure statement; effective date of amendment; semiannual financial statements; financial information or reports.
Sec. 22.
(1) A registrant shall notify the bureau promptly in writing by an application to amend the registration, of a material change in the information contained in the application as originally submitted, amended, or renewed. The bureau may further define by rule what is a material change for the purposes and circumstances under which a revised disclosure statement shall accompany the application.
(2) An amendment to an application filed after the effective date of the registration if the amendment is approved by the bureau, shall become effective on the date the bureau may determine, having due regard for the public interest and the protection of prospective members.
(3) A registrant shall file with the bureau semiannual financial statements, and other financial information or reports as the bureau may reasonably require.
History: 1976, Act 440, Eff. July 1, 1977 Compiler's Notes: For transfer of statutory authority, powers, duties, and functions of the corporations, securities and land development bureau to the office of financial and insurance services by type III transfer, see E.R.O. No. 2000-2, compiled at MCL 445.2003 of the Michigan compiled laws.
