2006 Michigan Compiled Laws - Mich. Comp. Laws § 554.806 Fraud and deceit.
Act 440 of 1976 554.806 Fraud and deceit. Sec. 6. (1) A person shall not, in connection with the offer or sale of a life interest or long-term lease, directly or indirectly: (a) Employ a device, scheme, or artifice to defraud. (b) Make an untrue statement of a material fact or fail 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. (c) Engage in an act, practice, or course of business which operates or would operate as a fraud or deceit upon a person. (2) As used in this section, "fraud" and "deceit" are not limited to the common law definitions of fraud and deceit, but include the provisions of section 6(1).
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