Mich. Admin. Code R. 500.86 - Disclaimer of affiliation and termination of registration
Rule 16.
(1) A petition
for disclaimer of affiliation or a request for termination of registration
claiming that a person does not, or will not upon the taking of some proposed
action, control another subject person must contain the following information:
(a) The number of authorized, issued, and
outstanding voting securities of the subject person .
(b) With respect to the person whose control
is denied and all affiliates of that person , the number and percentage of
shares of the subject person 's voting securities that are held of record or
known to be beneficially owned, and the number of shares there is a right to
acquire, directly or indirectly.
(c) All material relationships and bases for
affiliation between the subject person and the person whose control is denied
and all affiliates of that person .
(d) A statement explaining why the person
must not be considered to control the subject person .
(2) The burden of proof for establishing that
an affiliation does not exist rests with the petitioner and is subject to the
director 's approval.
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.