HB-5010, As Passed House, April 30, 2008

HOUSE BILL No. 5010

July 10, 2007, Introduced by Rep. Griffin and referred to the Committee on Commerce.

     A bill to amend 1976 PA 331, entitled

"Michigan consumer protection act,"

by amending section 20 (MCL 445.920).

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

     Sec. 20. (1) The director of the department of commerce labor

and economic growth may investigate, in the manner set forth in

section 7, a person subject to Act No. 265 of the Public Acts of

1964, as amended, being sections 451.501 to 451.818 of the Michigan

Compiled Laws the uniform securities act, 1964 PA 265, MCL 451.501

to 451.818; the uniform securities act (2002), MCL 451.2101 to

451.2703; Act No. 229 of the Public Acts of 1963, as amended, being

sections 559.1 to 559.31 of the Michigan Compiled Laws; Act No. 284

of the Public Acts of 1972, as amended, being sections 450.1101 to

450.2099 of the Michigan Compiled Laws the business corporation

act, 1972 PA 284, MCL 450.1101 to 450.2098; or Act No. 269 of the

Public Acts of 1974, being sections 445.1501 to 445.1545 of the

Michigan Compiled Laws the franchise investment law, 1974 PA 269,

MCL 445.1501 to 445.1546, who the director believes has engaged, is

engaging, or is about to engage in a method, act, or practice which

is unlawful under this act.

     (2) When the director requires the use of the subpoena power

provided in this act, an application shall be made to the attorney

general, who shall proceed to procure a subpoena on behalf of the

director in accordance with section 7.

     (3) Upon conclusion of an investigation, the director shall

provide a full report to the attorney general.

     Enacting section 1. This amendatory act does not take effect

unless Senate Bill No.____ or House Bill No. 5008(request no.

00420'07) of the 94th Legislature is enacted into law.