{"data":{"id":"us-mi/mich.-comp.-laws-451.2301","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 451.2301","heading":"Offer or sale of security; requirements.","body":"Sec. 301.\n\nA person shall not offer or sell a security in this state unless 1 or more of the following are met:\n\n(a) The security is a federal covered security.\n\n(b) The security, transaction, or offer is exempted from registration under sections 201 to 203.\n\n(c) The security is registered under this act.","path":["MI Code","Chapter 451","Act Act-551-of-2008"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-451-2301","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"216b13f0fcda728742ba8defe1d30d2da42243f2e14ec562499c83e30b2230bd","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-451.2204","next":"us-mi/mich.-comp.-laws-451.2302"},"notice":"GroundRules: Original legal text. Not legal advice."}