Sec. 5. There is a rebuttable presumption that a plan or operation is not a pyramid promotional scheme if both of the following conditions are satisfied: (a) The plan or operation does not cause inventory loading. (b) The plan or operation implements an inventory repurchase program. History: 2018, Act 186, Eff. Sept. 11, 2018
‹ Prev All Michigan sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.