Michigan Code — SECURITIES.REAL.ESTATE.AND.DEBT.MANAGEMENT
Browse 143 sections in division SECURITIES.REAL.ESTATE.AND.DEBT.MANAGEMENT of the Michigan code. Each section page includes the full statutory text, official source links, and citation guidance.
Sections (showing up to 300)
- § 451.1. Michigan corporation and securities commission; creation; commissioner, term, disqualification; seal; offices.
- § 451.2. Corporation and securities commission; powers; employees, salary; fees.
- § 451.3. Michigan securities commission; abolition, transfer of powers and duties to corporation and securities commission; records; fees, taxes and charges.
- § 451.4. Corporation and securities commission; review of orders; injunctions.
- § 451.251. Real estate bonds and securities; records; duties of fiduciaries; report to public trust commission, contents; authority of commission.
- § 451.252. Real estate bonds and securities; failure to file reports or give information; authority of attorney general, procedure, requirement; taxable costs.
- § 451.302. Protective committees, depositaries and solicitors; definitions.
- § 451.303. Protective committees, depositaries and solicitors; license applications, fees, hearing, bonds; inactive committee or depositary; names, inspection.
- § 451.304. Protective committees, depositaries and solicitors; licenses, non-resident applicants, filing; service of process.
- § 451.305. Protective committees, depositaries and solicitors; licenses, suspension or revocation.
- § 451.306. Protective committees; statement, contents; application to solicit security holders.
- § 451.307. Protective committees; solicitation of security holders; fraud, conditions, limitation of charges.
- § 451.308. Protective committees; notice to issuer of security, objections, hearing.
- § 451.309. Protective committees; records and reports.
- § 451.310. Protective committees; authority to take action.
- § 451.311. Public trust commission; investigations, audits and appraisals.
- § 451.312. Public trust commission; subpoenas, oaths, records.
- § 451.313. Public trust commission; investigations; costs; audits and appraisals.
- § 451.315. Public trust commission; suspension of orders, grounds, procedure.
- § 451.316. Aggrieved parties; action in circuit court.
- § 451.317. Fiduciary's relation to security holders; reports of purchases.
- § 451.318. Construction of act; severing clause.
- § 451.318a. Bonds; exception from act; securities exempt from blue sky law and mortgage tax act.
- § 451.319. Violation of act; penalty.
- § 451.401. Trust mortgage foreclosure; definitions.
- § 451.402. Trust mortgage foreclosure; insufficient bid; request for trustee to bid, procedure.
- § 451.403. Trust mortgage foreclosure; payment to non-concurring holders.
- § 451.404. Trust mortgage foreclosure; trustee, maintenance and operation of property; sale, accounting.
- § 451.405. Construction and application of act; severing clause.
- § 451.411. Short title.
- § 451.412. Definitions.
- § 451.413. Business of debt management as financial planning service requiring license; exception.
- § 451.414. License required; contract made by unlicensed person void; persons eligible for exemption.
- § 451.415. License; application; filing requirements; expiration and renewal of license; books and records; financial statement; licensee with board of directors or equivalent.
- § 451.416. License; investigation; grounds for issuance or nonissuance; evidence of certification as certified counselor.
- § 451.417. Applicability of examination provisions.
- § 451.418. License renewal; application; fee; financial statements; failure to pay fee or penalty.
- § 451.418a. Fraud; notice of intent to prohibit licensure; hearing; order; judicial review; enforcement; violation of final order as misdemeanor; penalty; definitions.
- § 451.419. License; grounds for denial, revocation, suspension, or postponement; notice; proceedings.
- § 451.420. Rules; rights, remedies, and procedures.
- § 451.421. License; applicable provisions.
- § 451.422. Budget analysis.
- § 451.423. Initial fee; consent of creditor; presumption.
- § 451.424. Contract between licensee and debtor; requirements.
- § 451.425. Trust account.
- § 451.426. Duties of licensee.
- § 451.427. Examination of licensee.
- § 451.428. Fee under debt management plan; purchase of credit reports or educational materials and products; charge for cancellation or default; when contract effective; cancellation of contract; excessive charge.
- § 451.429. Prohibited practices.
- § 451.430. Advertisement.
- § 451.431. Assignment of wages.
- § 451.432. Rules; decisions, orders, and rulings; electronic filing.
- § 451.433. Cease and desist order; statement; misdemeanor; powers of department; court order; self-incrimination; injunction or restraining order; criminal proceedings.
- § 451.434. Violations; penalties; jurisdiction; remedies.
- § 451.435. Statute of limitations.
- § 451.436. Disposition of fees.
- § 451.437. Repeal of MCL 451.451 to 451.468.
- § 451.921. Short title.
- § 451.922. Definitions.
- § 451.923. Institutional fund; managing and investing; considerations; requirements; pooling 2 or more funds; rules for managing and investing.
- § 451.924. Endowment fund assets; appropriation or accumulation; determination; limitation; designation.
- § 451.925. Management and investment; delegation to external agent; duty to exercise reasonable care; liability; delegation to committees, officers, or employees.
- § 451.926. Release or modification of restriction.
- § 451.927. Compliance with act; existing facts and circumstances.
- § 451.928. Applicability of act.
- § 451.929. Electronic signatures.
- § 451.930. Uniformity of law.
- § 451.931. Applicability; scope.
- § 451.2101. Short title.
- § 451.2102. Definitions; A to G.
- § 451.2102a. Definitions; I.
- § 451.2102b. Definitions; N to R.
- § 451.2102c. Definitions; S.
- § 451.2103. Additional definitions.
- § 451.2104. Reference to agency or department.
- § 451.2105. Applicability of act.
- § 451.2201. 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.
- § 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."
- § 451.2203. Rule or order; exemptions and waivers.
- § 451.2204. Denial, suspension, revocation, condition, or limitation of exemption.
- § 451.2301. Offer or sale of security; requirements.
- § 451.2302. Notice filing.
- § 451.2303. Securities registration by coordination.
- § 451.2304. Securities registration by qualification.
- § 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.
- § 451.2306. 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.
- § 451.2307. Waiver or modification of requirements of MCL 451.2302, 451.2303, and 451.2304(2), or certain requirements of MCL 451.2305(9).
- § 451.2401. Broker-dealer registration; requirements; exemptions; limitation on employment or association; employment or association with certain individuals prohibited; rule or order.
- § 451.2402. Agent registration; requirements; exemptions; employment or association; acting as agent for more than 1 broker-dealer or issuer; exception.
- § 451.2403. Investment advisor registration; requirements; exemptions; employment or association with certain individuals prohibited; exception.
- § 451.2404. Investment advisor representative; registration; requirements; exemption; employment or association; transacting business for more than 1 investment adviser; referral fees.
- § 451.2405. Federal covered investment adviser; filing requirements; exceptions; notice; effectiveness of filing.
- § 451.2406. Registration by broker-dealer, agent, investment adviser, or investment adviser representative; application; fee; correcting amendment; effectiveness of registration; renewal; other conditions or waivers.
- § 451.2407. Succession or change in registration of broker-dealer or investment adviser; change in organization, name, or control.
- § 451.2408. Termination of employment or association of agent and investment adviser representative; notice; other employment or association; withdrawal of temporary registration; power of administrator to prevent transfer; cancellation or termination of registration or application; reinstatement.
- § 451.2409. Withdrawal of registration by broker-dealer, agent, investment adviser, or investment adviser representative.
- § 451.2410. Filing fees.
- § 451.2411. Financial requirements; reports; records; audits or inspections; custody and discretionary authority bond or insurance; furnishing information to clients; continuing education.
- § 451.2412. Denial, revocation, suspension, withdrawal, restriction, condition, or limitation of registration; discipline; examination; summary actions; liability of control person; limitation on proceeding.
- § 451.2413. Broker-dealer acting as finder; prohibited conduct.
- § 451.2451. Definitions.
- § 451.2453. Transaction of business as Michigan investment market; registration required.
- § 451.2455. Michigan investment market; registration requirements.
- § 451.2457. Filing fees.
- § 451.2459. Records; examination or inspection; report.
- § 451.2461. Registration application; notice of filing; duties of administrator; factors to be considered; order; sanctions; discipline; proceeding.
- § 451.2463. Servicing; requirements.
- § 451.2465. Prohibited conduct.
- § 451.2467. Individual shown to be out-of-state resident; prima facie evidence of residency.
- § 451.2469. Rules; compliance with state or federal statute, rule, or regulation.
- § 451.2501. Unlawful conduct; fraud.
- § 451.2502. Investment advice or publications; prohibited conduct; rule or order.
- § 451.2503. Civil action or administrative proceeding; burden of proof.
- § 451.2504. Sales and advertising literature; filing.
- § 451.2505. Misleading filings.
- § 451.2506. Misrepresentations concerning registration or exemption.
- § 451.2507. Immunity from liability.
- § 451.2508. Violations; penalties.
- § 451.2509. Civil liability; joint and several liability; statute of limitations; violative contract; waiver prohibited; other rights or remedies.
- § 451.2510. Purchaser, seller, or recipient of investment advice; action prohibited; false representation; security as void; damages.
- § 451.2531. Definitions.
- § 451.2533. Delayed disbursement; suspected or detected financial exploitation; expiration of delay; investigation; written notification; reporting; requirements
- § 451.2535. Access to compliance procedures; financial exploitation of vulnerable adults; limited authorization to extend delay; written report and notification; disclosure of identity; prohibition; exception; freedom of information act.
- § 451.2537. Access and availability of compliance records.
- § 451.2539. Disclosure of general status or final disposition.
- § 451.2541. Liability of broker-dealer or investment adviser.
- § 451.2543. Scope of article.
- § 451.2601. Administration of act.
- § 451.2602. Investigation and subpoenas; powers and authority of administrator; failure to comply; privilege against self-incrimination; assistance to securities regulator of another jurisdiction.
- § 451.2603. Civil action; enforcement; authority of court; bond.
- § 451.2604. Enforcement; order and notice; procedure; final order; civil penalties; failure to comply; enforcement of order; petition; additional penalty.
- § 451.2605. Forms; orders; rules; financial statement; interpretative opinions; conduct of hearing.
- § 451.2606. Availability of filings to public.
- § 451.2607. Public records; confidentiality.
- § 451.2608. Uniformity and cooperation with other agencies.
- § 451.2609. Judicial review.
- § 451.2610. Applicability of sections; sales or offers to sell; purchases or offers to purchase; offer in this state; acceptance in this state; publications; radio, television, or electronic communication; prohibited or actionable conduct.
- § 451.2611. Service of process.
- § 451.2612. Severability clause.
- § 451.2701. Effective date.
- § 451.2702. Repeal of MCL 451.501 to 451.818.
- § 451.2703. Pending actions, prosecutions, or proceedings; predecessor act.