Michigan § 451.2455 - Michigan investment market; registration requirements.
Full text of Michigan Michigan Compiled Laws § 451.2455 — Michigan investment market; registration requirements., with citation guidance and answers to common questions.
§ 451.2455. Michigan investment market; registration requirements.
(1) A person shall register as a Michigan investment market by filing a written application, filing a consent to service of process that complies with section 611, and paying the fee specified in section 457. Subject to section 461, if a person complies with this article and demonstrates by clear and convincing evidence that the person meets the requirements for registration under this article, the administrator shall register that person as a Michigan investment market. If a person fails to provide clear and convincing evidence that the person meets the requirements for registration, the registration of the person shall remain at the discretion of the administrator.
(2) An application for registration as a Michigan investment market must contain all of the following:
(a) The names, mailing addresses, and telephone numbers of all individuals who serve as executive officers of the Michigan investment market or who are direct or indirect owners of at least a 10% ownership interest in the Michigan investment market.
(b) The uniform resource locator (URL), if applicable, used primarily by the Michigan investment market to effect transactions online.
(c) Any other information requested by the administrator as necessary to make a determination regarding registration of the Michigan investment market under section 461.
(3) If the information contained in an application that is filed under subsection (1) is or becomes inaccurate or incomplete in any material respect, the registrant shall promptly file a correcting amendment.
(4) A registration is effective until 12 midnight on December 31 of the year for which the application for registration is filed.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 451.2455
What does Michigan Compiled Laws § 451.2455 cover?
Section 451.2455 ("Michigan investment market; registration requirements.") 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 § 451.2455?
A common citation format is "Michigan Compiled Laws § 451.2455" (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 § 451.2455 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.