Michigan § 432.142 - Payment of expenses; compensation.
Full text of Michigan Michigan Compiled Laws § 432.142 — Payment of expenses; compensation., with citation guidance and answers to common questions.
§ 432.142. Payment of expenses; compensation.
(1) A millionaire party licensee shall not pay an expense related to an event unless all of the following apply:
(a) The expense is incurred in connection with the conduct of the event.
(b) The expense is necessary and reasonable and falls into 1 of the following categories of expense:
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(c) The expense is itemized.
(d) The expense is approved by the executive director in writing before the event.
(2) A millionaire party licensee shall not accept any compensation in connection with an event unless the compensation is expressly authorized by this article or a rule promulgated under this article.
(3) A millionaire party licensee shall not expend more than 45% of the gross profit from an event to pay expenses incurred in connection with the event.
(4) A person shall not accept any commission, salary, pay, profit, or wage for participating in the management or operation of a millionaire party except as allowed under a rule promulgated under this act.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 432.142
What does Michigan Compiled Laws § 432.142 cover?
Section 432.142 ("Payment of expenses; compensation.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 432.142?
A common citation format is "Michigan Compiled Laws § 432.142" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 432.142 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.