Michigan Compiled Laws
Article 3 - Registration of Securities and Notice Filings of Federal Covered Securities (451.2301...451.2307)
Section 451.2301 - Offer or Sale of Security; Requirements.

Sec. 301.
A person shall not offer or sell a security in this state unless 1 or more of the following are met:
(a) The security is a federal covered security.
(b) The security, transaction, or offer is exempted from registration under sections 201 to 203.
(c) The security is registered under this act.
History: 2008, Act 551, Eff. Oct. 1, 2009 Compiler's Notes: For transfer of securities division of office of finance and insurance regulation from office of finance and insurance regulation to department of licensing and regulatory affairs, see E.R.O. No. 2012-6, compiled at MCL 445.2034.

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 451 - Securities, Real Estate, and Debt Management

Act 551 of 2008 - Uniform Securities Act (2002) (451.2101 - 451.2703)

Article 3 - Registration of Securities and Notice Filings of Federal Covered Securities (451.2301...451.2307)

Section 451.2301 - Offer or Sale of Security; Requirements.

Section 451.2302 - Notice Filing.

Section 451.2303 - Securities Registration by Coordination.

Section 451.2304 - Securities Registration by Qualification.

Section 451.2305 - Registration Statement; Persons Permitted to File; Filing Fee; Information; Incorporation by Reference; Nonissuer Distribution; Deposit of Security in Escrow; Impoundment of Proceeds; Conditions; Form of Subscription or Sale Contra...

Section 451.2306 - Denying, Suspending, or Revoking Effectiveness; Stop Order; Publication of Guidelines, Rules, or Orders; Conditions Prohibiting Issuance of Stop Order; Summary Revocation, Denial, Postponement, or Suspension of Effectiveness; Modif...

Section 451.2307 - Waiver or Modification of Requirements of MCL 451.2302, 451.2303, and 451.2304(2), or Certain Requirements of MCL 451.2305(9).