Michigan Administrative Code
Department - Licensing and Regulatory Affairs
Liquor Control Commission
Licensing Qualifications - SDD License; prohibited issuance or transfer
Section R. 436.1119 - Retail license; agreements

(1) An agreement to buy and sell a business licensed to sell alcoholic liquor at retail, wherein there is not a total cash transaction, and which includes both the personal property and the real estate, shall include a separate statement listing the personal property and the real estate and the terms and price of each.

(2) A retail licensee shall not include alcoholic liquor in a security agreement or in a financing statement filed pursuant to Act No. 174 of the Public Acts of 1962, as amended, being S440.1101 et seq. of the Michigan Compiled Laws, and known as the uniform commercial code.