Michigan Compiled Laws 551-2008-2 Article 2 Exemptions From Registration Of Securities (451.2201...451.2204)

• Section 451.2201 Securities Exempt From Mcl 451.2301 To 451.2306 And Mcl 451.2504.
  The following securities are exempt from the requirements of sections 301 to 306 and 504: (a) A security, including a revenue obligation or a...
• Section 451.2202 Securities Exempt From Mcl 451.2301 To 451.2306 And Mcl 451.2504.
  (1) The following transactions are exempt from the requirements of sections 301 to 306 and 504: (a) An isolated nonissuer transaction, whether effected by...
• Section 451.2202a Offer Or Sale Of Security By Issuer; Exemption From Mcl 451.2301 To 451.2306 And 451.2504; Requirements; Adjustment; Report; Limitations; Rules; Filing Fee; Website; Violation; "Controlling Person" Defined; Exemption As "Michigan Invests Locally Exemption."
  (1) Except as otherwise provided in this act, an offer or sale of a security by an issuer is exempt from the requirements of...
• Section 451.2203 Rule Or Order; Exemptions And Waivers.
  A rule or order under this act may exempt a security, transaction, or offer, or a rule or order under this act may exempt...
• Section 451.2204 Denial, Suspension, Revocation, Condition, Or Limitation Of Exemption.
  (1) Except with respect to a federal covered security or a transaction involving a federal covered security, an order of the administrator under this...

Last modified: October 10, 2016