Go To Top capitol dome
Michigan Legislature
Michigan Compiled Laws Complete Through PA 140 of 2017
House: Adjourned until Tuesday, November 28, 2017 1:30:00 PM
Senate: Adjourned until Tuesday, November 28, 2017 10:00:00 AM

Michigan Legislature

Main Content

Act 551 of 2008
Search within this Statute for

Jump to the first occurrence of "securities"


UNIFORM SECURITIES ACT (2002)

Act 551 of 2008

AN ACT to enact the uniform securities act (2002) relating to the issuance, offer, sale, or purchase of securities; to prohibit fraudulent practices in relation to securities; to establish civil and criminal sanctions for violations of the act and civil sanctions for violation of the rules promulgated pursuant to the act; to require the registration of broker-dealers, agents, investment advisers, and securities; to regulate Michigan investment markets; to make uniform the law with reference to securities; and to repeal acts and parts of acts.


History: 2008, Act 551, Eff. Oct. 1, 2009 ;-- Am. 2014, Act 355, Imd. Eff. Oct. 21, 2014
Compiler's Notes: Enacting section 1 of Act 355 of 2014 provides:"Enacting section 1. It is the intent of the legislature by enacting this amendatory act to regulate a class of intrastate broker-dealers that is exempt under section 15(a)(1) of the securities exchange act of 1934, 15 USC 78o, and that will facilitate intrastate securities transactions among persons of this state."


© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

DocumentTypeDescription
551-2008-1DivisionARTICLE 1 GENERAL PROVISIONS (451.2101...451.2105)
551-2008-2DivisionARTICLE 2 EXEMPTIONS FROM REGISTRATION OF SECURITIES (451.2201...451.2204)
551-2008-3DivisionARTICLE 3 REGISTRATION OF SECURITIES AND NOTICE FILINGS OF FEDERAL COVERED SECURITIES (451.2301...451.2307)
551-2008-4DivisionARTICLE 4 BROKER-DEALERS, AGENTS, INVESTMENT ADVISERS, INVESTMENT ADVISER REPRESENTATIVES, AND FEDERAL COVERED INVESTMENT ADVISERS (451.2401...451.2413)
551-2008-4ADivisionARTICLE 4A MICHIGAN INVESTMENT MARKETS (451.2451...451.2469)
551-2008-5DivisionARTICLE 5 FRAUD AND LIABILITIES (451.2501...451.2510)
551-2008-6DivisionARTICLE 6 ADMINISTRATION AND JUDICIAL REVIEW (451.2601...451.2612)
551-2008-7DivisionARTICLE 7 TRANSITION (451.2701...451.2703)
up icon