Section 451.2608 – Uniformity and Cooperation With Other Agencies.
451.2608 Uniformity and cooperation with other agencies. Sec. 608. (1) The administrator shall, in its discretion, cooperate, coordinate, consult, and, subject to section 607, share records and information with the securities regulators of 1 or more states, Canada or 1 or more of its provinces or territories, 1 or more foreign jurisdictions, the securities and […]
Section 451.2609 – Judicial Review.
451.2609 Judicial review. Sec. 609. (1) Final orders issued by the administrator under this act are subject to judicial review pursuant to the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328. (2) Rules adopted under this act are subject to judicial review pursuant to the administrative procedures act of 1969, 1969 […]
Section 451.2610 – Applicability of Sections; Sales or Offers to Sell; Purchases or Offers to Purchase; Offer in This State; Acceptance in This State; Publications; Radio, Television, or Electronic Communication; Prohibited or Actionable Conduct.
451.2610 Applicability of sections; sales or offers to sell; purchases or offers to purchase; offer in this state; acceptance in this state; publications; radio, television, or electronic communication; prohibited or actionable conduct. Sec. 610. (1) Sections 301, 302, 401(1), 402(1), 403(1), 404(1), 501, 506, 509, and 510 apply to a person that sells or offers […]
Section 451.2611 – Service of Process.
451.2611 Service of process. Sec. 611. (1) A consent to service of process complying with this section required by this act must be signed and filed in the form required by a rule or order under this act. A consent appointing the administrator the person’s agent for service of process in a noncriminal action or […]
Section 451.2612 – Severability Clause.
451.2612 Severability clause. Sec. 612. If any provision of this act or its application to any person or circumstances is held invalid, the invalidity does not affect other provisions or applications of this act that can be given effect without the invalid provision or application, and to this end, the provisions of this act are […]
Section 451.2701 – Effective Date.
451.2701 Effective date. Sec. 701. This act takes effect October 1, 2009. History: 2008, Act 551, Eff. Oct. 1, 2009
Section 451.2702 – Repeal of MCL 451.501 to 451.818.
451.2702 Repeal of MCL 451.501 to 451.818. Sec. 702. The uniform securities act, 1964 PA 265, MCL 451.501 to 451.818, is repealed. History: 2008, Act 551, Eff. Oct. 1, 2009
Section 451.2703 – Pending Actions, Prosecutions, or Proceedings; Predecessor Act.
451.2703 Pending actions, prosecutions, or proceedings; predecessor act. Sec. 703. (1) The predecessor act exclusively governs all actions, prosecutions, or proceedings that are pending or may be maintained or instituted on the basis of facts or circumstances occurring before the effective date of this act, but a civil action shall not be maintained to enforce […]
Section 451.2607 – Public Records; Confidentiality.
451.2607 Public records; confidentiality. Sec. 607. (1) Subject to subsection (2), records obtained by the administrator or filed under this act, including a record contained in or filed with any registration statement, application, notice filing, or report, are public records and are available for public examination. (2) The following records are not public records and […]
Section 451.2507 – Immunity From Liability.
451.2507 Immunity from liability. Sec. 507. A broker-dealer, agent, investment adviser, federal covered investment adviser, or investment adviser representative is not liable to another broker-dealer, agent, investment adviser, federal covered investment adviser, or investment adviser representative for defamation relating to a statement that is contained in a record required by the administrator, or designee of […]