Mich. Admin. Code R. 436.1119 - Retail license; agreements
Rule 19.
(1) An
agreement to buy and sell a business licensed to sell alcoholic liquor at
retail, wherein there is not a total cash transaction, and which includes both
the personal property and the real estate, shall include a separate statement
listing the personal property and the real estate and the terms and price of
each.
(2) A retail licensee shall
not include alcoholic liquor in a security agreement or in a financing
statement filed pursuant to Act No. 174 of the Public Acts of 1962, as amended,
being S440.1101 et seq. of the Michigan Compiled Laws, and known as the uniform
commercial code.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.