{"data":{"id":"us-mi/mich.-comp.-laws-451.2504","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 451.2504","heading":"Sales and advertising literature; filing.","body":"Sec. 504.\n\n(1) Subject to subsection (2), a rule or order under this act may require the filing of a prospectus, pamphlet, circular, form letter, advertisement, sales literature, or other advertising record relating to a security or investment advice addressed or intended for distribution to prospective investors, including clients or prospective clients of a person registered or required to be registered as an investment adviser under this act.\n\n(2) This section does not apply to sales and advertising literature specified in subsection (1) relating to a federal covered security, a federal covered investment adviser, or a security or transaction exempted by section 201, 202, or 203 except as required under section 201(g) or 202(1)(x).","path":["MI Code","Chapter 451","Act Act-551-of-2008"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-451-2504","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"45e082c5924e8df98d3583068cad36e722b79cfe8e4de45db84fae3512751b97","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-451.2503","next":"us-mi/mich.-comp.-laws-451.2505"},"notice":"GroundRules: Original legal text. Not legal advice."}