2006 Michigan Compiled Laws - Mich. Comp. Laws § 554.815 Exemptions from registration requirements.

Sec. 15.

The bureau by rule or order may exempt from registration requirements, in whole or in part, a transaction or person, firm, corporation, or industry. In determining whether an exemption shall issue, the bureau shall consider whether information which would be required to be disclosed in a registration would be material in determining whether the facility has a reasonable chance of success and whether the exemption is in the public interest.

History: 1976, Act 440, Eff. July 1, 1977
Compiler's Notes: For transfer of statutory authority, powers, duties, and functions of the corporations, securities and land development bureau to the office of financial and insurance services by type III transfer, see E.R.O. No. 2000-2, compiled at § 445.2003 of the Michigan compiled laws.