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Certain Facts Not to Constitute Finding or Approval; Representation Inconsistent With Section Prohibited - Mich. Comp. Laws Section 445.1521

Legal Research Home > Michigan Laws > Trade And Commerce > Certain Facts Not to Constitute Finding or Approval; Representation Inconsistent With Section Prohibited - Mich. Comp. Laws Section 445.1521

445.1521 Certain facts not to constitute finding or approval; representation inconsistent with section prohibited.

Sec. 21.

(1) The fact that documents required under this act are filed does not constitute a finding by the department that a document filed under this act is true, complete, or not misleading. Neither any such fact nor the fact that an exemption is available for a transaction means that the department has passed in any way upon the merits or qualifications of, or recommended or given approval to, any persons, franchise, or transaction.

(2) A person shall not make or cause to be made to a prospective purchaser or offeree a representation inconsistent with this section.


History: 1974, Act 269, Eff. Oct. 15, 1974 ;-- Am. 1984, Act 92, Eff. June 20, 1984

Section:  Previous  445.1506  445.1507a  445.1508  445.1512  445.1513  445.1519  445.1520  445.1521  445.1522  445.1523  445.1524  445.1525  445.1527  445.1528  445.1531  Next

Last modified: March 17, 2013


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