R 432.521b
R 432.521b Required notification of formation, dissolution, or transfer of subsidiaries.
Cite as Mich. Admin. Code R 432.521b
Rule 521b. (1) A licensee, applicant, or affiliate must report, in writing, to the board, as
soon as practicable, the formation or dissolution of, or any transfer of, a nonpublicly traded
or publicly traded interest in the licensee, applicant, or affiliate.
(2)A publicly traded corporation is considered to have complied with this rule if it has
complied with the reporting requirements in R 432.521c.