Michigan § 451.318a - Bonds; exception from act; securities exempt from blue sky law and mortgage tax act.
Full text of Michigan Michigan Compiled Laws § 451.318a — Bonds; exception from act; securities exempt from blue sky law and mortgage tax act., with citation guidance and answers to common questions.
§ 451.318a. Bonds; exception from act; securities exempt from blue sky law and mortgage tax act.
The provisions of this act shall not be construed to apply to the bonds and other obligations issued by the United States government, by any state of the United States, or by any political subdivision thereof, or by any assessment district.
The exchange of securities for other securities, when such exchange has been approved by the commission, shall be exempt from the provisions of Act No. 220 of the Public Acts of 1923, as amended, and Act No. 91 of the Public Acts of 1911.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 451.318a
What does Michigan Compiled Laws § 451.318a cover?
Section 451.318a ("Bonds; exception from act; securities exempt from blue sky law and mortgage tax act.") 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 § 451.318a?
A common citation format is "Michigan Compiled Laws § 451.318a" (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 § 451.318a 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.