State Codes and Statutes
Statutes > Michigan > Chapter-451 > Act-551-of-2008 > 551-2008-3 > Section-451-2301UNIFORM SECURITIES ACT (2002) (EXCERPT)
Act 551 of 2008
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
