Section 445.2585 Rebuttable Presumption.

MI Comp L § 445.2585 (2019) (N/A)
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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