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.
Mich. Comp. Laws § 451.2301
Offer or sale of security; requirements
Applied in 1 court decision — leading case 311 Mich. App. 164 - Pransky v. Falcon Group, Inc (2015)
Most recently applied in 311 Mich. App. 164 - Pransky v. Falcon Group, Inc (June 2015)
2008, Act 551, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.