Michigan § 445.1505 Prohibited conduct in connection with offer, sale, or purchase of franchise.

Michigan Statutes

§ 445.1505 — Prohibited conduct in connection with offer, sale, or purchase of franchise.

Michigan § 445.1505

Ch. 445TRADE AND COMMERCE

Act 269 of 1974FRANCHISE INVESTMENT LAW (445.1501-445.1546)

This text of Michigan § 445.1505 (Prohibited conduct in connection with offer, sale, or purchase of franchise.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 445.1505 (2026).

Text

FRANCHISE INVESTMENT LAW (EXCERPT) Act 269 of 1974 445.1505 Prohibited conduct in connection with offer, sale, or purchase of franchise. Sec. 5. A person shall not, in connection with the filing, offer, sale, or purchase of any franchise, directly or indirectly:

(a)Employ any device, scheme, or artifice to defraud.

(b)Make any untrue statement of a material fact or omit 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 any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person.

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FRANCHISE INVESTMENT LAW (EXCERPT) Act 269 of 1974 445.1505 Prohibited conduct in connection with offer, sale, or purchase of franchise. Sec. 5. A person shall not, in connection with the filing, offer, sale, or purchase of any franchise, directly or indirectly: (a) Employ any device, scheme, or artifice to defraud. (b) Make any untrue statement of a material fact or omit 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 any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person.