Michigan Laws 445.1521 – Certain facts not to constitute finding or approval; representation inconsistent with section prohibited
Current as of: 2024 | Check for updates
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(1) The fact that documents required under this act are filed does not constitute a finding by the department that a document filed under this act is true, complete, or not misleading. Neither any such fact nor the fact that an exemption is available for a transaction means that the department has passed in any way upon the merits or qualifications of, or recommended or given approval to, any persons, franchise, or transaction.
(2) A person shall not make or cause to be made to a prospective purchaser or offeree a representation inconsistent with this section.
Attorney's Note
Under the Michigan Laws, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| G | up to 7 years |
Terms Used In Michigan Laws 445.1521
- person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l