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PEOPLE EX REL. ATTORNEY GENERAL v. FAIRFAX FAMILY FUND, INC.

Docket No. 19149.

55 Mich. App. 305 (1974)

222 N.W.2d 268

PEOPLE, ex rel ATTORNEY GENERAL, v. FAIRFAX FAMILY FUND, INC.

Michigan Court of Appeals.

Decided August 28, 1974.

Attorney(s) appearing for the Case

Frank J. Kelley, Attorney General, Robert A. Derengoski, Solicitor General, and Sally Lee Foley, J. Ronald Kaplansky, and Edwin M. Bladen, Assistants Attorney General, for the plaintiff.

Hillman, Baxter & Hammond (by Robert N. Hammond and Joel M. Boyden), for the defendants.

Before: McGREGOR, P.J., and R.B. BURNS and O'HARA, JJ.

O'HARA, J.

The State of Michigan has an act which was amended by 1971 PA 168, effective March 30, 1972.1 The act concerns the licensing and regulation of the small loan business.

It is a long and detailed statute. It provides for specified places of business in the nature of physical structures in Michigan,2 the amount of reserve to be maintained at each,3 the nature of...

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