{"data":{"id":"us-mi/mich.-comp.-laws-445.1505","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 445.1505","heading":"Prohibited conduct in connection with offer, sale, or purchase of franchise.","body":"Sec. 5.\n\nA person shall not, in connection with the filing, offer, sale, or purchase of any franchise, directly or indirectly:\n\nEmploy any device, scheme, or artifice to defraud.\n\nMake any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading.\n\nEngage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person.","path":["MI Code","Chapter 445","Act Act-269-of-1974"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-445-1505","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"37f07a66b7c0d7118132121edb023390c13ad2568ad677325e6be7a62af93eff","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-445.1504b","next":"us-mi/mich.-comp.-laws-445.1505a"},"notice":"GroundRules: Original legal text. Not legal advice."}