Michigan Compiled Laws
Act 89 of 1933 - Protective Committees (451.302 - 451.319)
Section 451.304 - Protective Committees, Depositaries and Solicitors; Licenses, Non-Resident Applicants, Filing; Service of Process.

Sec. 4.
Every applicant for a license who is a non-resident of this state shall file with the application an irrevocable consent that suits and actions arising out of or founded upon any activity of such applicant in this state as a member of a protective committee, as depositary, or as solicitor, as the case may be, may be commenced against the applicant in the proper court of any county in the state in which the plaintiff may reside, or if the plaintiff is a non-resident, in Ingham county, by the service of any process authorized by the laws of this state on the chairman of the commission; said consent stipulating and agreeing that such service of any process on such chairman shall be taken and held in all courts to be as valid and binding as if due service had been made on the applicant personally. All process which shall be served upon said chairman in reliance upon the consent of an applicant shall be served in duplicate, 1 of which shall be retained in the office of the commission and the other forwarded by the commission forthwith by registered mail to the address of the person against whom said process is directed.
History: 1933, Act 89, Imd. Eff. May 25, 1933 ;-- CL 1948, 451.304

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 451 - Securities, Real Estate, and Debt Management

Act 89 of 1933 - Protective Committees (451.302 - 451.319)

Section 451.302 - Protective Committees, Depositaries and Solicitors; Definitions.

Section 451.303 - Protective Committees, Depositaries and Solicitors; License Applications, Fees, Hearing, Bonds; Inactive Committee or Depositary; Names, Inspection.

Section 451.304 - Protective Committees, Depositaries and Solicitors; Licenses, Non-Resident Applicants, Filing; Service of Process.

Section 451.305 - Protective Committees, Depositaries and Solicitors; Licenses, Suspension or Revocation.

Section 451.306 - Protective Committees; Statement, Contents; Application to Solicit Security Holders.

Section 451.307 - Protective Committees; Solicitation of Security Holders; Fraud, Conditions, Limitation of Charges.

Section 451.308 - Protective Committees; Notice to Issuer of Security, Objections, Hearing.

Section 451.309 - Protective Committees; Records and Reports.

Section 451.310 - Protective Committees; Authority to Take Action.

Section 451.311 - Public Trust Commission; Investigations, Audits and Appraisals.

Section 451.312 - Public Trust Commission; Subpoenas, Oaths, Records.

Section 451.313 - Public Trust Commission; Investigations; Costs; Audits and Appraisals.

Section 451.315 - Public Trust Commission; Suspension of Orders, Grounds, Procedure.

Section 451.316 - Aggrieved Parties; Action in Circuit Court.

Section 451.317 - Fiduciary's Relation to Security Holders; Reports of Purchases.

Section 451.318 - Construction of Act; Severing Clause.

Section 451.318a - Bonds; Exception From Act; Securities Exempt From Blue Sky Law and Mortgage Tax Act.

Section 451.319 - Violation of Act; Penalty.