Michigan § 451.2467 - Individual shown to be out-of-state resident; prima facie evidence of residency.
Full text of Michigan Michigan Compiled Laws § 451.2467 — Individual shown to be out-of-state resident; prima facie evidence of residency., with citation guidance and answers to common questions.
§ 451.2467. Individual shown to be out-of-state resident; prima facie evidence of residency.
(1) An individual's participation in a Michigan investment market in this state is considered a representation that he or she is a resident of this state. If it is subsequently shown that an individual was not a resident of this state at the time of his or her participation in a Michigan investment market, any transaction conducted by that individual while he or she was not a resident is void.
(2) A person that is not a resident of this state shall not secondarily purchase an intrastate security within 9 months of the completion of the offering through which the security was sold originally. For purposes of this section, each of the following is prima facie evidence that an individual is a resident of this state:
(a) A valid operator's license, chauffeur's license, or official personal identification card issued by this state.
(b) A current Michigan voter registration.
(c) A signed affidavit as described in section 7cc(2) of the general property tax act, 1893 PA 206, MCL 211.7cc, that indicates that the individual owns and occupies property in this state as his or her principal residence.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 451.2467
What does Michigan Compiled Laws § 451.2467 cover?
Section 451.2467 ("Individual shown to be out-of-state resident; prima facie evidence of residency.") 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 § 451.2467?
A common citation format is "Michigan Compiled Laws § 451.2467" (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 § 451.2467 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.