--- title: "Michigan Blue Sky Laws: Securities Registration & Exemptions" description: "Michigan blue sky laws under the Michigan Uniform Securities Act are enforced by LARA. Learn registration, exemptions, and compliance for MI securities offerings." canonical: "https://acquisitionstars.com/blue-sky-laws/michigan" firm: "Acquisition Stars" practice: "M&A and securities law" office: "Novi, Michigan (serves clients nationwide)" contact: "consult@acquisitionstars.com | 248-266-2790" --- # Michigan Blue Sky Laws MI Michigan regulates securities under the Michigan Uniform Securities Act (2008), enforced by the Corporations, Securities, and Commercial Licensing Bureau within the Department of Licensing and Regulatory Affairs (LARA). Michigan modernized its securities laws in 2009 by adopting the Uniform Securities Act. [Request Engagement Assessment](https://acquisitionstars.com/consultation) Regulatory Overview **Selective M&A Practice** **Coordinates With Securities Counsel** Senior Counsel on Every Deal ![Donald Hateley, Of Counsel for securities law at Acquisition Stars](https://acquisitionstars.com/images/donald-hateley-headshot.webp) ## Donald Hateley Of Counsel, Securities Law | Acquisition Stars Donald Hateley serves as Of Counsel to Acquisition Stars for securities law matters. His background includes advising public and private companies on securities transactions, corporate finance, and corporate governance, including public and private equity and debt financings. Admitted to the California bar in 1993, he is a graduate of the University of Southern California Marshall School of Business and Southwestern Law School. [Request Engagement Assessment](https://acquisitionstars.com/consultation) ## Michigan Securities Regulatory Overview Regulatory Body Michigan LARA, Corporations, Securities, and Commercial Licensing Bureau Primary Statute Michigan Uniform Securities Act (2008) (MCL 451.2101 et seq.) ### Registration Requirements Michigan allows registration by coordination, qualification, or notice filing for federal covered securities. Reg D Rule 506 offerings require Form D notice filing with LARA. Filing fee is $100, due within 15 days of first sale to a Michigan investor. ## Key Provisions of Michigan Securities Law Understanding the core regulatory framework in Michigan: 1 Securities must be registered before offer or sale unless exempt under the Michigan Uniform Securities Act 2 Michigan adopted the 2002 Uniform Securities Act effective October 2009 3 Anti-fraud provisions apply to all securities transactions in Michigan 4 The Bureau has authority to investigate, subpoena records, and bring administrative and civil actions 5 Michigan requires registration of broker-dealers, agents, and investment advisers ## Available Exemptions in Michigan Michigan provides the following exemptions from full securities registration: - Federal covered securities (Reg D Rule 506, Reg A+ Tier 2, exchange-listed) with notice filing - Isolated nonissuer transactions - Sales to institutional investors (banks, insurance companies, pension funds) - Limited offering exemption for sales to no more than 15 persons in 12 months - Government securities ## Penalties for Non-Compliance in Michigan Michigan imposes civil penalties up to $10,000 per violation, criminal penalties including felony charges for willful violations, investor rescission rights, and administrative sanctions. The Bureau can issue cease-and-desist orders and revoke registrations. ## How Michigan Blue Sky Laws Affect Your Transaction Michigan's automotive, manufacturing, and technology sectors generate substantial M&A activity. Transactions involving Michigan-based shareholders require compliance when stock is part of the consideration. Acquisition Stars, based in Novi, Michigan, has particular familiarity with Michigan securities compliance requirements. ### Need Help With a Michigan Securities Transaction? Acquisition Stars handles M&A transactions nationwide and works with securities counsel on blue sky compliance and securities offerings. Senior attorney Alex Lubyansky provides direct counsel on every M&A engagement. We tell you who would handle your matter before any introduction, and you decide whether to proceed. [Request Engagement Assessment](https://acquisitionstars.com/consultation) [Call (248) 266-2790](tel:+1-248-266-2790) ### Need Help With a Michigan Securities Transaction? Submit your transaction details for a preliminary assessment. We help with the M&A side of the transaction and work with securities counsel on multi-state filings for Reg D, Reg A+, and Reg CF offerings involving Michigan. ## Frequently Asked Questions Common questions about Michigan blue sky laws and securities compliance **What is Michigan's Reg D filing fee?** Michigan charges $100 for Reg D Rule 506 notice filings with LARA's Corporations, Securities, and Commercial Licensing Bureau. **When did Michigan update its securities laws?** Michigan adopted the Uniform Securities Act (2008), effective October 2009, replacing its prior securities framework. **Who enforces Michigan blue sky laws?** The Corporations, Securities, and Commercial Licensing Bureau within the Department of Licensing and Regulatory Affairs (LARA) enforces Michigan's securities laws. ## Blue Sky Laws in Nearby States [Ohio Blue Sky Laws OH](https://acquisitionstars.com/blue-sky-laws/ohio) [Indiana Blue Sky Laws IN](https://acquisitionstars.com/blue-sky-laws/indiana) [Illinois Blue Sky Laws IL](https://acquisitionstars.com/blue-sky-laws/illinois) [Wisconsin Blue Sky Laws WI](https://acquisitionstars.com/blue-sky-laws/wisconsin) [View all 50 state blue sky law guides →](https://acquisitionstars.com/blue-sky-laws) ## Related M&A Resources [Buying a Business Industry-specific buyer guides](https://acquisitionstars.com/buying-a-business) [Selling a Business Industry-specific seller guides](https://acquisitionstars.com/selling-a-business) [M&A Comparisons Deal structure decision guides](https://acquisitionstars.com/compare) [M&A Legal Services Full transaction counsel](https://acquisitionstars.com/services/mergers-acquisitions) ## Need Help With Securities Compliance in Michigan? Our managing partner provides selective M&A counsel and works with securities counsel on transactions involving Michigan blue sky law compliance. Submit your transaction details for a preliminary assessment. [Request Engagement Assessment](https://acquisitionstars.com/consultation) Selective M&A practice - Nationwide reach - Senior counsel on every deal --- Source: https://acquisitionstars.com/blue-sky-laws/michigan Markdown version generated for machine readers. Canonical HTML at the source URL.