Michigan § 440.8307 - Transfer of security on due demand; supplying requisite necessary to obtain registration; effect of noncompliance.
Full text of Michigan Michigan Compiled Laws § 440.8307 — Transfer of security on due demand; supplying requisite necessary to obtain registration; effect of noncompliance., with citation guidance and answers to common questions.
§ 440.8307. Transfer of security on due demand; supplying requisite necessary to obtain registration; effect of noncompliance.
Unless otherwise agreed, the transferor of a security on due demand shall supply the purchaser with proof of authority to transfer or with any other requisite necessary to obtain registration of the transfer of the security, but if the transfer is not for value, a transferor need not comply unless the purchaser pays the necessary expenses. If the transferor fails within a reasonable time to comply with the demand, the purchaser may reject or rescind the transfer.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 440.8307
What does Michigan Compiled Laws § 440.8307 cover?
Section 440.8307 ("Transfer of security on due demand; supplying requisite necessary to obtain registration; effect of noncompliance.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 440.8307?
A common citation format is "Michigan Compiled Laws § 440.8307" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 440.8307 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.