Michigan Compiled Laws § 500.5287 Equity Security; Definition.

500.5287 Equity security; definition.

Sec. 5287.

The term “equity security” means any stock or similar security; or any security convertible, with or without consideration into such a security, or carrying any warrant or right to subscribe to or purchase such a security; or any such warrant or right; or any other security which the commissioner shall deem to be of similar nature and consider necessary or appropriate, by such rules and regulations as he may prescribe in the public interest or for the protection of investors, to treat as an equity security.

History: Add. 1965, Act 377, Eff. Mar. 31, 1966
Popular Name: Act 218

Section: Previous  500.5276  500.5280  500.5282  500.5283  500.5283a  500.5283b  500.5283c  500.5284  500.5285  500.5286  500.5287  500.5288  500.5289  500.5290    Next

Last modified: October 10, 2016