Mich. Comp. Laws § 445.1501 : — TRADE AND COMMERCEFRANCHISE INVESTMENT LAW — Short title; construction TEXT PDF This act shall be known and may be cited as the "franchise investment law". This act shall be broadly construed to effectuate its purpose of providing protection to the public. MCL 445.1501 1974, Act 269, Eff. 10/15/1974 .