Friday, January 23, 2009

Michigan Adopts Uniform Securities Act of 2002

Michigan adopted Act 551, which can be cited as the "Michigan Uniform Securities Act (2002)." This Act replaces the existing Michigan Securities Act, and is effective October 1, 2009. Although differences occur, this new Act adopts a large part of the Uniform Securities Act of 2002 (USA 2002) verbatim.

The enacted version of House Bill 5008, Act 551, can be found here.