|
Written by Steven Daily, LawServer Attorney-Editor
|
|
Last Updated January 19, 2009 |
|
Michigan has become the fifteenth state to enact the 2002 version of the Uniform Securities Act. The act is intended to prevent fraudulent sales of securities to investors. Included in the definition of "securities," are notes, stocks, treasury stocks, security futures, bonds, debentures, evidences of indebtedness, certificates of interest or participation in profit sharing agreements, collateral trust agreements, options on securities, and investments in viatical or life settlement agreements. Other states that have enacted the 2002 version are: Missouri, Idaho, Iowa, Kansas, Oklahoma, South Dakota, U.S. Virgin Islands, Maine, Vermont, South Carolina, Minnesota, Hawaii, Indiana, and Wisconsin. HB 5008 was signed by the Governor January 15th.
 |
|
|
Email
Print
