Sec. 20.
A life interest or a long-term lease offering shall be registered for a period of 1 year after the effective date of the registration unless the bureau specifies a different period.
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.