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Act 551 of 2008
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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 make uniform the law with reference to securities; and to repeal acts and parts of acts.


History: 2008, Act 551, Eff. Oct. 1, 2009


© 2009 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)
551-2008-5DivisionARTICLE 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)