Michigan § 493.3 - Licenses; bond of applicant; approval; conditions.
Full text of Michigan Michigan Compiled Laws § 493.3 — Licenses; bond of applicant; approval; conditions., with citation guidance and answers to common questions.
§ 493.3. Licenses; bond of applicant; approval; conditions.
The applicant, at the time of filing an application, shall also file when requested by the commissioner a bond in an amount to be approved by the commissioner, in which the applicant shall be the obligor. The surety company issuing the bond shall be qualified, able, and willing to write bonds required by this act. The bond shall run to the people of the state of Michigan and may be sued on by the state or any person who may have a cause of action against the obligor. The bond shall be conditioned that the obligor will comply with this act and all rules and regulations made under this act, and will pay to the state and to any person all money due or owing to the state or to the person from the obligor.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 493.3
What does Michigan Compiled Laws § 493.3 cover?
Section 493.3 ("Licenses; bond of applicant; approval; conditions.") 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 § 493.3?
A common citation format is "Michigan Compiled Laws § 493.3" (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 § 493.3 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.