{"data":{"id":"us-mi/mich.-comp.-laws-440.8307","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 440.8307","heading":"Transfer of security on due demand; supplying requisite necessary to obtain registration; effect of noncompliance.","body":"Sec. 8307.\n\nUnless otherwise agreed, the transferor of a security on due demand shall supply the purchaser with proof of authority to transfer or with any other requisite necessary to obtain registration of the transfer of the security, but if the transfer is not for value, a transferor need not comply unless the purchaser pays the necessary expenses. If the transferor fails within a reasonable time to comply with the demand, the purchaser may reject or rescind the transfer.","path":["MI Code","Chapter 440","Act Act-174-of-1962"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-440-8307","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"912183a55d5a768de605a238cc7c3890d0091ebf99a5be6d11ec994f89b0df97","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-440.8306","next":"us-mi/mich.-comp.-laws-440.8401"},"notice":"GroundRules: Original legal text. Not legal advice."}