Michigan Compiled Laws

Mich. Comp. Laws § 451.2301 (2026)

Offer or sale of security; requirements.

✓ current as of July 2026

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UNIFORM SECURITIES ACT (2002)

Act 551 of 2008

451.2301 Offer or sale of security; requirements.

Sec. 301.

A person shall not offer or sell a security in this state unless 1 or more of the following are met:

(a) The security is a federal covered security.

(b) The security, transaction, or offer is exempted from registration under sections 201 to 203.

History: 2008, Act 551, Eff. Oct. 1, 2009

Compiler's Notes:

For transfer of securities division of office of finance and insurance regulation from office of finance and insurance regulation to department of licensing and regulatory affairs, see E.R.O. No. 2012-6, compiled at MCL 445.2034.

Notes of Decisions

Cited in 4 cases (2 in the last 5 years), 2015–2025 · leading case: Pransky v. Falcon Grp., Inc, 874 N.W.2d 367 (Mich. Ct. App. 2015).

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Pransky v. Falcon Grp., Inc, 874 N.W.2d 367 (Mich. Ct. App. 2015). “2501 (prohibiting persons from directly or indirectly engaging in schemes or practices to defraud or making misrepresentations in connection with the offer, sale, or purchase of a security).”

Saoud v. Everest Indem. Ins. Co. (E.D. Mich. 2021). · cites it 2× “Mich. Comp. Laws § 451.2301 ; see also 15 U.”

Hornbeck v. Boyne USA, Inc. (W.D. Mich. 2025). · cites it 2× “Sale of Unregistered Securities - Michigan Law (Count VII) Plaintiffs claim that Boyne violated Michigan’s Uniform Securities Act when it failed to register the Condos as securities as required by section 301, Mich. Comp. Laws § 451.2301 . (Am. Compl.”

People of Michigan v. Michael David Skupin (Mich. Ct. App. 2019). “Pursuant to MCL 451.2301, securities must generally be registered with the state under the Uniform Securities Act.”

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