Section 451.2204 – Denial, Suspension, Revocation, Condition, or Limitation of Exemption.
451.2204 Denial, suspension, revocation, condition, or limitation of exemption. Sec. 204. (1) Except with respect to a federal covered security or a transaction involving a federal covered security, an order of the administrator under this act may deny or suspend application of, condition, limit, or revoke an exemption created under section 201(c)(iii), (g), or (h) […]
Section 451.2301 – Offer or Sale of Security; Requirements.
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 […]
Section 451.2302 – Notice Filing.
451.2302 Notice filing. Sec. 302. (1) A rule or order under this act may require the filing of 1 or more of the following records with respect to a security issued by an investment company that is a federal covered security as defined in section 18(b)(2) of the securities act of 1933, 15 USC 77r, […]
Section 451.2303 – Securities Registration by Coordination.
451.2303 Securities registration by coordination. Sec. 303. (1) A security for which a registration statement has been filed under the securities act of 1933 in connection with the same offering may be registered by coordination under this section. (2) A registration statement and accompanying records under this section must contain or be accompanied by all […]
Section 451.2304 – Securities Registration by Qualification.
451.2304 Securities registration by qualification. Sec. 304. (1) A security may be registered by qualification under this section. (2) A registration statement under this section must contain the information or records specified in section 305, a consent to service of process complying with section 611, and, if provided by rule under this act, all of […]
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 Contract; Duration of Registration Statement; Reports; Posteffective Amendments.
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 contract; duration of registration statement; reports; posteffective amendments. Sec. 305. (1) A registration statement may be filed by the issuer, a person on whose behalf the […]
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; Modifying or Vacating Stop Order.
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; modifying or vacating stop order. Sec. 306. (1) The administrator may issue a stop order denying effectiveness to, or suspending or revoking the effectiveness of, a registration […]
Section 451.2202 – Securities Exempt From MCL 451.2301 to 451.2306 and MCL 451.2504.
451.2202 Securities exempt from MCL 451.2301 to 451.2306 and MCL 451.2504. Sec. 202. (1) The following transactions are exempt from the requirements of sections 301 to 306 and 504: (a) An isolated nonissuer transaction, whether effected by or through a broker-dealer or not. (b) A nonissuer transaction by or through a broker-dealer registered or exempt […]
Section 451.2202a – Offer or Sale of Security by Issuer; Exemption From MCL 451.2301 to 451.2306 and 451.2504; Requirements; Adjustment; Report; Limitations; Rules; Filing Fee; Website; Violation; “Controlling Person” Defined; Exemption as “Michigan Invests Locally exemption.”
451.2202a Offer or sale of security by issuer; exemption from MCL 451.2301 to 451.2306 and 451.2504; requirements; adjustment; report; limitations; rules; filing fee; website; violation; “controlling person” defined; exemption as “Michigan invests locally exemption.” Sec. 202a. (1) Except as otherwise provided in this act, an offer or sale of a security by an issuer is […]
Section 451.2101 – Short Title.
451.2101 Short title. Sec. 101. This act shall be known and may be cited as the “uniform securities act (2002)”. 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 […]